Generali Asset Management SPA SGR Purchases Shares of 2,571 Polaris Inc. (NYSE:PII)

Generali Asset Management SPA SGR purchased a new stake in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,571 shares of the company’s stock, valued at approximately $148,000.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Polaris in the fourth quarter worth about $21,776,000. Bank of New York Mellon Corp boosted its stake in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after acquiring an additional 241,926 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after acquiring an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Polaris in the third quarter worth about $12,670,000. Finally, Weiss Asset Management LP bought a new position in shares of Polaris in the third quarter worth about $10,844,000. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Truist Financial decreased their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Bank of America decreased their target price on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 target price on shares of Polaris in a research report on Monday, March 17th. Finally, BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.83.

Polaris Trading Down 0.5 %

PII opened at $41.95 on Friday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 13.95 and a beta of 1.54. The stock’s 50 day moving average price is $47.26 and its 200-day moving average price is $62.78. Polaris Inc. has a one year low of $39.29 and a one year 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 released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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%. On average, equities analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.39%. Polaris’s dividend payout ratio is currently 136.73%.

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.