Davis R M Inc. trimmed its holdings in shares of Polaris Inc. (NYSE:PII – Free Report) by 43.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,465 shares of the company’s stock after selling 16,638 shares during the period. Davis R M Inc.’s holdings in Polaris were worth $2,149,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Chase Investment Counsel Corp bought a new position in Polaris during the 4th quarter valued at approximately $852,000. Semanteon Capital Management LP purchased a new position in shares of Polaris in the 4th quarter worth about $1,270,000. TD Asset Management Inc boosted its stake in Polaris by 8.3% in the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock worth $13,342,000 after purchasing an additional 10,770 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Polaris by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock valued at $33,957,000 after purchasing an additional 10,745 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Polaris by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,807,482 shares of the company’s stock valued at $550,375,000 after purchasing an additional 48,179 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Price Performance
Polaris stock traded down $3.07 during mid-day trading on Tuesday, hitting $79.07. The stock had a trading volume of 2,713,726 shares, compared to its average volume of 758,493. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The firm’s 50 day moving average is $79.92 and its 200 day moving average is $87.09. The firm has a market capitalization of $4.47 billion, a P/E ratio of 10.88, a P/E/G ratio of 3.65 and a beta of 1.53. Polaris Inc. has a one year low of $73.26 and a one year high of $138.49.
Polaris Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, June 3rd. Polaris’s payout ratio is currently 38.71%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PII. DA Davidson reduced their price target on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Truist Financial decreased their price target on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Citigroup lowered their price target on Polaris from $96.00 to $86.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, April 8th. Finally, Royal Bank of Canada lowered their target price on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $97.55.
Get Our Latest Stock Analysis on Polaris
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.
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