Toronto Dominion Bank Buys 1,861 Shares of Polaris Inc. (NYSE:PII)

Toronto Dominion Bank increased its stake in shares of Polaris Inc. (NYSE:PII) by 12.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,794 shares of the company’s stock after acquiring an additional 1,861 shares during the period. Toronto Dominion Bank’s holdings in Polaris were worth $1,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Inc. CA increased its position in shares of Polaris by 25.8% during the 1st quarter. Capital International Inc. CA now owns 7,878 shares of the company’s stock worth $789,000 after purchasing an additional 1,615 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after buying an additional 235 shares in the last quarter. Lcnb Corp increased its holdings in Polaris by 7.4% during the first quarter. Lcnb Corp now owns 3,016 shares of the company’s stock worth $302,000 after buying an additional 208 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in Polaris by 141.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 46,276 shares of the company’s stock worth $4,633,000 after acquiring an additional 27,139 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Polaris by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of several recent analyst reports. Royal Bank of Canada lowered their price objective on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Bank of America dropped their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday. Robert W. Baird reduced their target price on Polaris from $95.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday. KeyCorp decreased their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Truist Financial cut their price target on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $89.18.

Polaris Trading Up 4.7 %

Shares of Polaris stock opened at $82.71 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.42 and a current ratio of 1.42. The firm has a 50-day moving average of $79.33 and a 200-day moving average of $86.79. Polaris Inc. has a 52-week low of $71.90 and a 52-week high of $138.49. The stock has a market cap of $4.61 billion, a PE ratio of 12.13, a PEG ratio of 7.33 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $2.42 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Polaris Inc. will post 3.8 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 38.71%.

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.