499 Shares in Polaris Inc. (NYSE:PII) Purchased by Twin Tree Management LP

Twin Tree Management LP bought a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 499 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in PII. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares during the last quarter. Quarry LP boosted its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. GAMMA Investing LLC boosted its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PII shares. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 price target on shares of Polaris in a research note on Monday. Citigroup dropped their price target on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird dropped their price target on Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday. Truist Financial dropped their price target on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group lowered their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.50.

Polaris Trading Down 0.1 %

Shares of NYSE PII opened at $42.56 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The business’s 50 day moving average price is $47.77 and its 200-day moving average price is $63.22. Polaris Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $100.91. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.30%. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.