Isthmus Partners LLC Acquires 190 Shares of Polaris Inc. (NYSE:PII)

Isthmus Partners LLC increased its holdings in Polaris Inc. (NYSE:PII) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,011 shares of the company’s stock after buying an additional 190 shares during the period. Isthmus Partners LLC’s holdings in Polaris were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Arizona State Retirement System raised its stake in Polaris by 1.9% in the second quarter. Arizona State Retirement System now owns 15,021 shares of the company’s stock worth $1,176,000 after buying an additional 277 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Polaris by 44.2% during the second quarter. Victory Capital Management Inc. now owns 16,387 shares of the company’s stock worth $1,283,000 after purchasing an additional 5,021 shares in the last quarter. National Bank of Canada FI increased its position in shares of Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after purchasing an additional 200 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Polaris during the second quarter worth $386,000. Finally, Consolidated Planning Corp acquired a new position in shares of Polaris during the second quarter worth $206,000. Institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial reduced their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Roth Mkm reduced their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, KeyCorp dropped their price objective on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.18.

Polaris Stock Performance

NYSE:PII traded down $1.69 during mid-day trading on Friday, hitting $79.32. The company’s stock had a trading volume of 639,329 shares, compared to its average volume of 751,338. Polaris Inc. has a 1 year low of $71.90 and a 1 year high of $109.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.40. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 7.52 and a beta of 1.51. The business’s fifty day moving average is $80.80 and its two-hundred day moving average is $85.01.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.18 billion. During the same period in the previous year, the company posted $2.42 earnings per share. Polaris’s revenue for the quarter was down 11.5% compared to the same quarter last year. Analysts anticipate that Polaris Inc. will post 3.79 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. Polaris’s payout ratio is 38.71%.

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.