Polaris Inc. (NYSE:PII) Shares Purchased by Calton & Associates Inc.

Calton & Associates Inc. increased its position in shares of Polaris Inc. (NYSE:PII) by 140.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,848 shares of the company’s stock after acquiring an additional 5,757 shares during the quarter. Calton & Associates Inc.’s holdings in Polaris were worth $986,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PII. Confluence Investment Management LLC purchased a new position in Polaris during the first quarter worth approximately $108,890,000. Qube Research & Technologies Ltd raised its stake in shares of Polaris by 276.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock valued at $37,845,000 after acquiring an additional 266,887 shares during the period. AQR Capital Management LLC raised its stake in shares of Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock valued at $44,168,000 after acquiring an additional 255,777 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after acquiring an additional 202,794 shares during the period. Finally, LSV Asset Management raised its stake in shares of Polaris by 190.3% in the 4th quarter. LSV Asset Management now owns 261,872 shares of the company’s stock valued at $24,818,000 after acquiring an additional 171,672 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Up 0.9 %

Shares of Polaris stock traded up $0.72 during trading on Friday, hitting $78.31. The stock had a trading volume of 878,266 shares, compared to its average volume of 714,556. The stock has a 50 day simple moving average of $82.01 and a 200 day simple moving average of $88.71. The company has a market capitalization of $4.43 billion, a PE ratio of 11.48, a P/E/G ratio of 2.69 and a beta of 1.56. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. Polaris Inc. has a 1 year low of $75.54 and a 1 year high of $138.49.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s revenue was down 20.3% on a year-over-year basis. On average, research analysts expect that Polaris Inc. will post 8.01 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PII. StockNews.com lowered shares of Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird decreased their price objective on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Bank of America assumed coverage on shares of Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target for the company. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, April 8th. Finally, Truist Financial decreased their price target on shares of Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $100.27.

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.