Royal London Asset Management Ltd. Has $12.90 Million Stock Position in Polaris Inc. (NYSE:PII)

Royal London Asset Management Ltd. lifted its stake in shares of Polaris Inc. (NYSE:PII) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,847 shares of the company’s stock after purchasing an additional 2,366 shares during the period. Royal London Asset Management Ltd. owned 0.40% of Polaris worth $12,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PII. Larson Financial Group LLC raised its stake in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris during the 4th quarter worth approximately $29,000. Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Quarry LP raised its stake in shares of Polaris by 187.4% during the 3rd 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 raised its stake in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 0.5 %

PII stock opened at $41.95 on Friday. 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 stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 13.95 and a beta of 1.54. The business’s fifty day moving average price is $47.26 and its two-hundred day moving average price is $62.64. Polaris Inc. has a fifty-two week low of $39.29 and a fifty-two week high of $100.91.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 6.39%. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PII. DA Davidson dropped their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Citigroup cut Polaris from a “neutral” rating to a “sell” rating and dropped their price target for the company from $49.00 to $33.00 in a research note on Thursday. Truist Financial dropped their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 price target on shares of Polaris in a research note on Monday, March 17th. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.83.

About Polaris

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.