SG Americas Securities LLC Takes Position in Polaris Inc. (NYSE:PII)

SG Americas Securities LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,198 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PII. National Bank of Canada FI increased its position in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares in the last quarter. Nordea Investment Management AB increased its position in Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after purchasing an additional 183 shares in the last quarter. Quarry LP raised its stake in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. Claro Advisors LLC lifted its holdings in Polaris by 3.3% in the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after purchasing an additional 254 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Polaris by 534.5% during 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 during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of NYSE:PII opened at $45.32 on Thursday. The business has a 50-day moving average of $57.59 and a two-hundred day moving average of $70.99. The firm has a market capitalization of $2.53 billion, a PE ratio of 23.12, a P/E/G ratio of 14.51 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris Inc. has a 12 month low of $43.20 and a 12 month high of $100.91.

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

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PII. DA Davidson cut their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. BMO Capital Markets reduced their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Citigroup lowered their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial reduced their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $66.17.

Polaris 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.