Farmers & Merchants Investments Inc. Has $487,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Farmers & Merchants Investments Inc. decreased its stake in shares of Polaris Inc. (NYSE:PII) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,458 shares of the company’s stock after selling 5,086 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Polaris were worth $487,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. lifted its holdings in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares in the last quarter. Quarry LP boosted its position in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Polaris by 232.6% during the fourth 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 stake in shares of Polaris by 19.9% during the third 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 during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 2.2 %

Shares of NYSE:PII opened at $44.34 on Friday. The stock has a market cap of $2.47 billion, a PE ratio of 22.62, a P/E/G ratio of 13.80 and a beta of 1.50. The business has a 50 day moving average of $56.63 and a 200-day moving average of $70.50. The company has a quick ratio of 0.39, a current ratio of 1.15 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.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities research analysts forecast 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. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.04%. Polaris’s payout ratio is currently 134.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird reduced their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. DA Davidson dropped their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.17.

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.