Signaturefd LLC Increases Holdings in Polaris Inc. (NYSE:PII)

Signaturefd LLC lifted its position in Polaris Inc. (NYSE:PII) by 82.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,017 shares of the company’s stock after purchasing an additional 460 shares during the period. Signaturefd LLC’s holdings in Polaris were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Polaris during the 4th quarter valued at about $21,776,000. Bank of New York Mellon Corp boosted its holdings in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Polaris during the third quarter valued at approximately $12,670,000. Finally, Weiss Asset Management LP bought a new position in Polaris in the third quarter worth approximately $10,844,000. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PII shares. UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Truist Financial decreased their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Bank of America cut their price objective on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. DA Davidson decreased their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 price target on shares of Polaris in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.83.

Polaris Stock Up 2.2 %

Shares of PII stock opened at $42.91 on Tuesday. The company’s fifty day simple moving average is $47.01 and its two-hundred day simple moving average is $62.23. Polaris Inc. has a 52 week low of $39.29 and a 52 week high of $100.91. The stock has a market cap of $2.41 billion, a P/E ratio of 21.89, a PEG ratio of 13.95 and a beta of 1.54. 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 (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.25%. Polaris’s dividend payout ratio (DPR) is 136.73%.

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.