Round Hill Asset Management Sells 1,067 Shares of Polaris Inc. (NYSE:PII)

Round Hill Asset Management trimmed its position in Polaris Inc. (NYSE:PII) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,027 shares of the company’s stock after selling 1,067 shares during the quarter. Polaris makes up approximately 1.5% of Round Hill Asset Management’s portfolio, making the stock its 20th biggest holding. Round Hill Asset Management’s holdings in Polaris were worth $2,191,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PII. Larson Financial Group LLC grew its position in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris during the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. Quarry LP grew its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PII shares. Truist Financial cut their price target on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Robert W. Baird lowered Polaris from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $40.00 in a research note on Friday. Roth Mkm cut their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, DA Davidson decreased their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $58.50.

Polaris Price Performance

Shares of Polaris stock opened at $36.67 on Monday. The stock has a market capitalization of $2.06 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. Polaris Inc. has a one year low of $33.61 and a one year high of $100.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The business’s 50 day simple moving average is $44.41 and its two-hundred day simple moving average is $59.71.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio is currently 136.73%.

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.