Polaris Inc. (NYSE:PII) Holdings Lifted by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC boosted its position in shares of Polaris Inc. (NYSE:PII) by 12.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,263 shares of the company’s stock after buying an additional 2,293 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Polaris were worth $1,665,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PII. New England Capital Financial Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at $25,000. Creekmur Asset Management LLC purchased a new stake in Polaris in the 4th quarter worth about $27,000. Bessemer Group Inc. lifted its stake in Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after acquiring an additional 235 shares in the last quarter. Security National Bank purchased a new stake in Polaris in the 4th quarter worth about $47,000. Finally, Signaturefd LLC raised its stake in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PII. DA Davidson raised Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Thursday, July 25th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. KeyCorp cut their price target on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Roth Mkm cut their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Truist Financial cut their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.18.

Polaris Price Performance

Shares of NYSE:PII opened at $78.05 on Friday. Polaris Inc. has a 1-year low of $71.90 and a 1-year high of $108.02. The firm has a market capitalization of $4.35 billion, a PE ratio of 11.44, a PEG ratio of 6.93 and a beta of 1.51. The business’s 50 day moving average is $81.01 and its 200-day moving average is $84.61. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. Polaris’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.42 EPS. Sell-side analysts predict that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is 38.71%.

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.