XTX Topco Ltd Purchases New Shares in Polaris Inc. (NYSE:PII)

XTX Topco Ltd acquired a new position in Polaris Inc. (NYSE:PII) in the second quarter, Holdings Channel reports. The institutional investor acquired 10,623 shares of the company’s stock, valued at approximately $832,000.

A number of other large investors have also recently made changes to their positions in the business. New England Capital Financial Advisors LLC bought a new position in shares of Polaris in the 1st quarter valued at about $25,000. Creekmur Asset Management LLC purchased a new stake in Polaris during the fourth quarter valued at approximately $27,000. Bessemer Group Inc. lifted its stake in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Security National Bank purchased a new position in shares of Polaris in the 4th quarter worth approximately $47,000. Finally, Signaturefd LLC increased its position in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Down 1.8 %

PII opened at $84.33 on Monday. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The stock’s fifty day moving average is $81.92 and its two-hundred day moving average is $84.15. The company has a market capitalization of $4.77 billion, a P/E ratio of 12.37, a PEG ratio of 7.42 and a beta of 1.51. Polaris Inc. has a 52 week low of $71.90 and a 52 week high of $106.17.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 EPS. Analysts forecast that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.66 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.13%. Polaris’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

PII has been the subject of several recent analyst reports. DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Thursday, July 25th. Citigroup cut their price target on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. KeyCorp decreased their price objective on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Finally, Truist Financial reduced their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $89.18.

Polaris Company 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.