Landscape Capital Management L.L.C. Reduces Holdings in Polaris Inc. (NYSE:PII)

Landscape Capital Management L.L.C. reduced its stake in Polaris Inc. (NYSE:PII) by 30.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,817 shares of the company’s stock after selling 10,268 shares during the period. Landscape Capital Management L.L.C.’s holdings in Polaris were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PII. Vanguard Group Inc. increased its stake in Polaris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after purchasing an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. increased its position in shares of Polaris by 2.6% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after acquiring an additional 69,766 shares during the period. American Century Companies Inc. raised its stake in Polaris by 32.5% in the 4th quarter. American Century Companies Inc. now owns 995,872 shares of the company’s stock worth $57,382,000 after acquiring an additional 244,252 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Polaris by 132.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock worth $51,909,000 after acquiring an additional 513,542 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Polaris by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock valued at $44,740,000 after purchasing an additional 241,926 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PII. Citigroup cut Polaris from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Truist Financial reduced their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 price target on shares of Polaris in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.50.

Polaris Price Performance

NYSE:PII opened at $36.67 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 52 week low of $33.61 and a 52 week high of $100.00. The stock’s 50-day moving average price is $44.41 and its 200-day moving average price is $60.04. The stock has a market capitalization of $2.06 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.67 per share. The ex-dividend date was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 7.31%. Polaris’s dividend payout ratio is currently 136.73%.

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.