WINTON GROUP Ltd Makes New $540,000 Investment in Polaris Inc. (NYSE:PII)

WINTON GROUP Ltd acquired a new position in shares of Polaris Inc. (NYSE:PII) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,940 shares of the company’s stock, valued at approximately $540,000.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Polaris by 21.3% during the 1st quarter. Geode Capital Management LLC now owns 899,442 shares of the company’s stock worth $120,075,000 after buying an additional 158,194 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Polaris by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 789,802 shares of the company’s stock worth $108,171,000 after purchasing an additional 38,856 shares during the period. Northern Trust Corp grew its stake in shares of Polaris by 7.3% during the 1st quarter. Northern Trust Corp now owns 500,687 shares of the company’s stock worth $66,842,000 after purchasing an additional 34,096 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Polaris by 58.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 487,189 shares of the company’s stock worth $66,726,000 after purchasing an additional 180,113 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of Polaris by 42.9% during the 1st quarter. GW&K Investment Management LLC now owns 486,259 shares of the company’s stock worth $64,915,000 after purchasing an additional 145,947 shares during the period. Institutional investors own 83.65% of the company’s stock.

Shares of PII stock opened at $117.18 on Tuesday. The firm has a market cap of $7.10 billion, a P/E ratio of 11.22 and a beta of 1.95. Polaris Inc. has a 1-year low of $86.67 and a 1-year high of $147.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.17 and a quick ratio of 0.34. The firm’s 50-day simple moving average is $126.95 and its 200-day simple moving average is $132.24.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 27th. The company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.53. Polaris had a net margin of 8.05% and a return on equity of 65.96%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm posted $1.30 earnings per share. Polaris’s revenue for the quarter was up 40.2% compared to the same quarter last year. Analysts expect that Polaris Inc. will post 9.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were issued a $0.63 dividend. The ex-dividend date was Tuesday, August 31st. This represents a $2.52 annualized dividend and a yield of 2.15%. Polaris’s payout ratio is 32.56%.

PII has been the topic of a number of recent analyst reports. Truist Securities lowered their price target on shares of Polaris from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, July 28th. Raymond James lowered their price target on shares of Polaris from $169.00 to $158.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 28th. Zacks Investment Research cut shares of Polaris from a “buy” rating to a “hold” rating in a research note on Friday, July 30th. BNP Paribas began coverage on shares of Polaris in a research note on Monday, June 14th. They issued an “underperform” rating and a $113.00 price objective on the stock. Finally, Truist lowered their price objective on shares of Polaris from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, July 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.59.

About Polaris

Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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