JLB & Associates Inc. Has $755,000 Holdings in Polaris Inc. (NYSE:PII)

JLB & Associates Inc. decreased its position in shares of Polaris Inc. (NYSE:PII) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,103 shares of the company’s stock after selling 7,435 shares during the quarter. JLB & Associates Inc.’s holdings in Polaris were worth $755,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PII. Creative Planning lifted its holdings in shares of Polaris by 11.7% during the 3rd quarter. Creative Planning now owns 68,811 shares of the company’s stock worth $5,728,000 after acquiring an additional 7,198 shares during the period. Blue Trust Inc. raised its position in 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 purchasing an additional 389 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Polaris by 1,309.5% during the third quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock worth $1,178,000 after purchasing an additional 13,147 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Polaris in the 3rd quarter valued at $279,000. Finally, Ballentine Partners LLC boosted its holdings in shares of Polaris by 22.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,664 shares of the company’s stock valued at $305,000 after purchasing an additional 668 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PII has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Truist Financial lowered their target price on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Robert W. Baird decreased 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. Finally, Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.17.

Polaris Trading Down 1.2 %

Shares of NYSE PII opened at $45.83 on Friday. The firm has a 50 day moving average price of $52.95 and a two-hundred day moving average price of $68.37. The stock has a market cap of $2.57 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 14.11 and a beta of 1.50. Polaris Inc. has a 52-week low of $42.85 and a 52-week high of $100.91. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts forecast that Polaris Inc. will post 1.11 EPS 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.85%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is 134.69%.

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.