Pinkerton Retirement Specialists LLC Acquires 290 Shares of Polaris Inc. (NYSE:PII)

Pinkerton Retirement Specialists LLC lifted its holdings in Polaris Inc. (NYSE:PII) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,970 shares of the company’s stock after acquiring an additional 290 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Polaris were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PII. Lantz Financial LLC increased its position in Polaris by 0.8% in the 1st quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after buying an additional 114 shares in the last quarter. Fifth Third Bancorp increased its position in Polaris by 3.3% in the 1st quarter. Fifth Third Bancorp now owns 3,770 shares of the company’s stock valued at $377,000 after buying an additional 122 shares in the last quarter. New York Life Investment Management LLC increased its position in Polaris by 2.8% in the 4th quarter. New York Life Investment Management LLC now owns 6,088 shares of the company’s stock valued at $577,000 after buying an additional 167 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Polaris by 14.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after buying an additional 169 shares in the last quarter. Finally, JLB & Associates Inc. increased its position in Polaris by 0.7% in the 4th quarter. JLB & Associates Inc. now owns 25,627 shares of the company’s stock valued at $2,429,000 after buying an additional 174 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Shares of NYSE PII traded down $3.21 during midday trading on Friday, reaching $81.53. The company’s stock had a trading volume of 1,310,804 shares, compared to its average volume of 906,244. Polaris Inc. has a 12-month low of $73.26 and a 12-month high of $138.49. The firm has a 50 day moving average price of $80.03 and a 200-day moving average price of $87.16. The stock has a market capitalization of $4.61 billion, a P/E ratio of 11.95, a PEG ratio of 3.80 and a beta of 1.53. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. Polaris’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, equities analysts predict that Polaris Inc. will post 7.51 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.66 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 3.24%. Polaris’s payout ratio is 38.71%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PII shares. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Citigroup cut their price target on Polaris from $96.00 to $86.00 and set a “neutral” rating for the company in a research note on Tuesday. Robert W. Baird cut their price target on Polaris from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, July 3rd. Bank of America started coverage on Polaris in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target for the company. Finally, Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price target of $97.55.

About Polaris

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.