Beutel Goodman & Co Ltd. Buys 69,766 Shares of Polaris Inc. (NYSE:PII)

Beutel Goodman & Co Ltd. grew its stake in shares of Polaris Inc. (NYSE:PII) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,775,331 shares of the company’s stock after purchasing an additional 69,766 shares during the quarter. Beutel Goodman & Co Ltd. owned about 4.98% of Polaris worth $159,914,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its holdings in Polaris by 17.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,278 shares of the company’s stock worth $477,000 after buying an additional 1,241 shares during the last quarter. Kiltearn Partners LLP grew its position in shares of Polaris by 77.2% in the 4th quarter. Kiltearn Partners LLP now owns 274,200 shares of the company’s stock valued at $15,799,000 after acquiring an additional 119,500 shares during the period. Norges Bank bought a new stake in shares of Polaris in the 4th quarter valued at about $24,659,000. Artisan Partners Limited Partnership lifted its stake in Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock valued at $51,909,000 after purchasing an additional 513,542 shares during the last quarter. Finally, Nuance Investments LLC bought a new position in Polaris during the fourth quarter worth about $6,304,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 4.3 %

Shares of PII opened at $41.37 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52-week low of $39.29 and a 52-week high of $100.91. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 13.95 and a beta of 1.54. The business’s fifty day moving average is $45.90 and its 200-day moving average is $61.44.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.48%. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s dividend payout ratio is presently 136.73%.

Analysts Set New Price Targets

A number of equities analysts have commented on PII shares. DA Davidson reduced their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price on shares of Polaris in a report on Monday, March 17th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Finally, Truist Financial dropped their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.83.

Polaris Company 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.