Angeles Wealth Management LLC Takes Position in Polaris Inc. (NYSE:PII)

Angeles Wealth Management LLC purchased a new position in Polaris Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel reports. The fund purchased 22,875 shares of the company’s stock, valued at approximately $1,318,000.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the last quarter. Quarry LP increased its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. increased its position in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. GAMMA Investing LLC raised its holdings in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PII. Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Truist Financial decreased their target price on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. BMO Capital Markets reduced their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Finally, Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.17.

Polaris Stock Down 2.2 %

Shares of PII stock opened at $44.34 on Monday. 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 12 month low of $43.20 and a 12 month high of $100.91. The stock has a market cap of $2.47 billion, a P/E ratio of 22.62, a P/E/G ratio of 13.80 and a beta of 1.50. The company has a 50 day simple moving average of $56.63 and a two-hundred day simple moving average of $70.48.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 represents a $2.68 annualized dividend and a dividend yield of 6.04%. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is 134.69%.

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.