Mitchell & Pahl Private Wealth LLC Has $597,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Mitchell & Pahl Private Wealth LLC increased its position in shares of Polaris Inc. (NYSE:PII) by 10.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,359 shares of the company’s stock after purchasing an additional 989 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Polaris were worth $597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RWWM Inc. increased its holdings in shares of Polaris by 192.3% during the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after acquiring an additional 179,244 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Polaris during the 3rd quarter valued at $12,670,000. Weiss Asset Management LP acquired a new position in Polaris during the third quarter worth $10,844,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after buying an additional 96,194 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 3.1 %

Shares of NYSE:PII opened at $55.47 on Tuesday. Polaris Inc. has a 1 year low of $52.77 and a 1 year high of $100.91. The company has a market capitalization of $3.09 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 5.30 and a beta of 1.53. The business has a fifty day moving average price of $61.64 and a two-hundred day moving average price of $73.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last posted 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $2.71 EPS. Polaris’s quarterly revenue was down 23.4% compared to the same quarter last year. Analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com downgraded 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 Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a report on Friday. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Truist Financial decreased their price target on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.60.

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.