Isthmus Partners LLC Buys 190 Shares of Polaris Inc. (NYSE:PII)

Isthmus Partners LLC increased its stake in Polaris Inc. (NYSE:PII) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,011 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Isthmus Partners LLC’s holdings in Polaris were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Lantz Financial LLC raised its holdings in Polaris by 0.8% during the first quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after acquiring an additional 114 shares during the period. JLB & Associates Inc. raised its holdings in Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after acquiring an additional 120 shares during the period. New York Life Investment Management LLC raised its holdings in Polaris by 2.8% during the fourth quarter. New York Life Investment Management LLC now owns 6,088 shares of the company’s stock valued at $577,000 after acquiring an additional 167 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after acquiring an additional 169 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Polaris by 2.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after acquiring an additional 172 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Trading Down 2.1 %

Shares of Polaris stock traded down $1.69 on Friday, hitting $79.32. 639,329 shares of the company traded hands, compared to its average volume of 751,338. The stock’s 50 day moving average price is $80.80 and its 200-day moving average price is $85.01. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. Polaris Inc. has a 52 week low of $71.90 and a 52 week high of $109.35. The company has a market cap of $4.48 billion, a PE ratio of 11.63, a PEG ratio of 7.52 and a beta of 1.51.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $2.42 EPS. The business’s revenue was down 11.5% on a year-over-year basis. Equities research analysts predict that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. Polaris’s dividend payout ratio is presently 38.71%.

Analyst Ratings Changes

A number of equities research analysts have commented on PII shares. Roth Mkm decreased their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Truist Financial cut their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Bank of America cut their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.18.

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.