4,932 Shares in Polaris Inc. (NYSE:PII) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,932 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. New England Capital Financial Advisors LLC bought a new position in shares of Polaris during the 1st quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new position in Polaris in the 4th quarter valued at $27,000. Bessemer Group Inc. raised its position in Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. First United Bank & Trust bought a new position in Polaris in the 4th quarter valued at $40,000. Finally, Security National Bank bought a new position in Polaris in the 4th quarter valued at $47,000. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 1.8 %

Shares of Polaris stock opened at $81.01 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $111.03. The business has a fifty day simple moving average of $80.77 and a 200 day simple moving average of $85.09. The stock has a market cap of $4.52 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 7.52 and a beta of 1.51.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The firm’s revenue was down 11.5% on a year-over-year basis. Research analysts predict that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.26%. Polaris’s payout ratio is 38.71%.

Analysts Set New Price Targets

PII has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada cut their price objective on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 24th. Bank of America cut their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, Truist Financial cut their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.18.

Polaris 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.