Mitchell & Pahl Private Wealth LLC Buys 989 Shares of Polaris Inc. (NYSE:PII)

Mitchell & Pahl Private Wealth LLC grew its position in Polaris Inc. (NYSE:PII) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,359 shares of the company’s stock after acquiring an additional 989 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Polaris were worth $597,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares during the last quarter. Quarry LP increased its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the period. GAMMA Investing LLC raised its holdings in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Polaris in the 2nd quarter valued at approximately $57,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PII. DA Davidson decreased their price target on shares of Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Truist Financial reduced their price target on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Finally, Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.60.

Polaris Stock Performance

PII stock opened at $55.47 on Tuesday. The firm has a market cap of $3.09 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 5.30 and a beta of 1.53. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $61.64 and a 200-day moving average price of $73.41. Polaris Inc. has a 1-year low of $52.77 and a 1-year high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, equities research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.66 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 4.76%. Polaris’s dividend payout ratio is currently 73.74%.

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.