Wynn Capital LLC Reduces Stock Holdings in Polaris Inc. (NYSE:PII)

Wynn Capital LLC lowered its holdings in shares of Polaris Inc. (NYSE:PII) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,594 shares of the company’s stock after selling 210 shares during the quarter. Wynn Capital LLC’s holdings in Polaris were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PII. National Bank of Canada FI increased its holdings 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. Nordea Investment Management AB grew its position in shares of Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after acquiring an additional 183 shares during the period. Quarry LP increased its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Claro Advisors LLC raised its holdings in Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after purchasing an additional 254 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 0.2 %

Shares of Polaris stock opened at $55.65 on Wednesday. Polaris Inc. has a twelve month low of $52.77 and a twelve month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $63.04 and a 200-day moving average price of $74.12. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 6.59 and a beta of 1.53.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 EPS. Equities research analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.74%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of analyst reports. Truist Financial reduced their price target on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. DA Davidson decreased their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Polaris presently has an average rating of “Hold” and a consensus target price of $84.00.

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.