Polaris Inc. (NYSE:PII) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Polaris Inc. (NYSE:PII) by 74.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,547 shares of the company’s stock after selling 28,428 shares during the quarter. SG Americas Securities LLC’s holdings in Polaris were worth $748,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. New England Capital Financial Advisors LLC purchased a new position in Polaris in the first quarter valued at about $25,000. Creekmur Asset Management LLC purchased a new position in Polaris in the 4th quarter valued at approximately $27,000. Verity & Verity LLC acquired a new position in Polaris during the first quarter worth $37,000. Bessemer Group Inc. boosted its position in Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares in the last quarter. Finally, First United Bank & Trust acquired a new stake in Polaris in the fourth quarter valued at $40,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. BMO Capital Markets lowered their price target on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Citigroup cut their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Bank of America cut their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Polaris has an average rating of “Hold” and an average price target of $89.18.

Polaris Price Performance

PII opened at $82.74 on Monday. Polaris Inc. has a 1 year low of $71.90 and a 1 year high of $117.71. The company’s 50 day simple moving average is $79.15 and its 200 day simple moving average is $85.68. The stock has a market capitalization of $4.61 billion, a PE ratio of 12.13, a P/E/G ratio of 7.12 and a beta of 1.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.42 EPS. As a group, sell-side analysts expect that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.19%. Polaris’s dividend payout ratio (DPR) 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.