Polaris Inc. (NYSE:PII) Position Increased by Lindbrook Capital LLC

Lindbrook Capital LLC raised its holdings in shares of Polaris Inc. (NYSE:PII) by 295.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 518 shares of the company’s stock after purchasing an additional 387 shares during the quarter. Lindbrook Capital LLC’s holdings in Polaris were worth $30,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Polaris during the fourth quarter worth approximately $21,776,000. Aigen Investment Management LP bought a new stake in Polaris during the fourth quarter worth approximately $839,000. Victory Capital Management Inc. boosted its holdings in Polaris by 9.0% during the fourth quarter. Victory Capital Management Inc. now owns 47,697 shares of the company’s stock worth $2,748,000 after buying an additional 3,935 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Polaris by 57.5% in the 4th quarter. Jones Financial Companies Lllp now owns 13,084 shares of the company’s stock valued at $754,000 after acquiring an additional 4,779 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Polaris by 418.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company’s stock valued at $117,000 after acquiring an additional 1,640 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Up 5.8 %

Polaris stock opened at $47.58 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of 24.28, a P/E/G ratio of 13.95 and a beta of 1.54. The firm’s fifty day simple moving average is $49.94 and its 200-day simple moving average is $65.52. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 1-year low of $39.79 and a 1-year high of $100.91.

Polaris (NYSE:PII) last posted 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 net margin of 1.54% and a return on equity of 13.78%. Sell-side analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 5.63%. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Wall Street Analysts Forecast Growth

PII has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Royal Bank of Canada cut their target price on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Citigroup cut their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Truist Financial cut their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.17.

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.