Wynn Capital LLC Reduces Stake in Polaris Inc. (NYSE:PII)

Wynn Capital LLC cut its stake in shares of Polaris Inc. (NYSE:PII) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,594 shares of the company’s stock after selling 210 shares during the quarter. Wynn Capital LLC’s holdings in Polaris were worth $438,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PII. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the period. Quarry LP boosted its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares during the period. GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Polaris in the 2nd quarter worth about $57,000. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

Shares of Polaris stock opened at $55.65 on Wednesday. Polaris Inc. has a 12 month low of $52.77 and a 12 month high of $100.91. The stock’s fifty day moving average price is $63.04 and its 200-day moving average price is $74.12. The firm has a market cap of $3.10 billion, a P/E ratio of 15.54, a P/E/G ratio of 6.59 and a beta of 1.53. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $2.71 EPS. The company’s revenue for the quarter was down 23.4% on a year-over-year basis. On average, equities research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.66 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.74%. Polaris’s dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on PII shares. Robert W. Baird cut their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. DA Davidson decreased their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.00.

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.