Inspire Investing LLC boosted its holdings in Polaris Inc. (NYSE:PII – Free Report) by 15.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,703 shares of the company’s stock after buying an additional 1,265 shares during the quarter. Inspire Investing LLC’s holdings in Polaris were worth $394,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. IFP Advisors Inc boosted its stake in Polaris by 22.5% in the second quarter. IFP Advisors Inc now owns 2,339 shares of the company’s stock valued at $96,000 after buying an additional 430 shares in the last quarter. Abel Hall LLC acquired a new stake in Polaris in the second quarter valued at about $250,000. KPP Advisory Services LLC acquired a new stake in Polaris in the second quarter valued at about $274,000. Segment Wealth Management LLC acquired a new stake in Polaris in the second quarter valued at about $6,375,000. Finally, Northwest Wealth Management LLC boosted its stake in Polaris by 18.9% in the second quarter. Northwest Wealth Management LLC now owns 5,813 shares of the company’s stock valued at $236,000 after buying an additional 924 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.
Polaris Price Performance
Polaris stock opened at $61.31 on Tuesday. The stock’s 50 day moving average is $57.75 and its 200 day moving average is $46.65. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The firm has a market cap of $3.45 billion, a P/E ratio of -32.61 and a beta of 1.08. Polaris Inc. has a one year low of $30.92 and a one year high of $84.08.
Polaris Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris’s payout ratio is currently -142.55%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Robert W. Baird raised their price objective on Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. Roth Capital lifted their price target on Polaris from $32.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their price target on Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.33.
Check Out Our Latest Research Report on PII
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.
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