Polaris Inc. (NYSE:PII) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in shares of Polaris Inc. (NYSE:PII) by 36.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,809 shares of the company’s stock after buying an additional 9,024 shares during the quarter. Diversified Trust Co owned approximately 0.06% of Polaris worth $3,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Polaris by 2.4% in the 4th quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock worth $640,447,000 after purchasing an additional 160,918 shares during the period. Vanguard Group Inc. lifted its position in shares of Polaris by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,807,482 shares of the company’s stock valued at $550,375,000 after buying an additional 48,179 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after acquiring an additional 202,794 shares during the period. Confluence Investment Management LLC purchased a new stake in Polaris in the 1st quarter worth $108,890,000. Finally, Dimensional Fund Advisors LP raised its position in Polaris by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after acquiring an additional 82,779 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PII. Robert W. Baird dropped their target price on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Truist Financial lowered their price objective on Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. StockNews.com cut Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Monday, April 8th. Finally, DA Davidson reissued a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $100.27.

Polaris Trading Down 3.8 %

Shares of PII opened at $75.35 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The firm has a 50-day moving average price of $81.75 and a 200 day moving average price of $88.62. Polaris Inc. has a 12-month low of $75.28 and a 12-month high of $138.49. The firm has a market capitalization of $4.26 billion, a P/E ratio of 11.05, a P/E/G ratio of 2.70 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.17. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. Sell-side analysts forecast that Polaris Inc. will post 8.01 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.66 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.50%. 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.