Arizona State Retirement System Trims Stock Position in Polaris Inc. (NYSE:PII)

Arizona State Retirement System lessened its stake in shares of Polaris Inc. (NYSE:PIIGet Rating) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,492 shares of the company’s stock after selling 356 shares during the quarter. Arizona State Retirement System’s holdings in Polaris were worth $1,703,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Boston Partners raised its position in Polaris by 17.3% in the 3rd quarter. Boston Partners now owns 3,255,807 shares of the company’s stock valued at $389,687,000 after purchasing an additional 479,911 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Polaris by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,616,377 shares of the company’s stock worth $313,076,000 after purchasing an additional 30,011 shares during the period. Van ECK Associates Corp boosted its stake in Polaris by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 1,671,540 shares of the company’s stock worth $183,719,000 after purchasing an additional 175,139 shares during the period. Capital World Investors boosted its stake in Polaris by 131.2% during the 3rd quarter. Capital World Investors now owns 1,121,254 shares of the company’s stock worth $134,169,000 after purchasing an additional 636,254 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Polaris by 25.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,036,721 shares of the company’s stock worth $124,054,000 after purchasing an additional 210,700 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.

Shares of PII opened at $103.16 on Friday. The company has a 50-day simple moving average of $111.25 and a 200-day simple moving average of $114.70. The company has a quick ratio of 0.41, a current ratio of 1.15 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $6.14 billion, a PE ratio of 13.11 and a beta of 1.63. Polaris Inc. has a 52-week low of $99.68 and a 52-week high of $147.73.

Polaris (NYSE:PIIGet Rating) last announced its quarterly earnings results on Tuesday, January 25th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.12. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. Polaris had a net margin of 6.02% and a return on equity of 49.54%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.34 EPS. On average, research analysts anticipate that Polaris Inc. will post 10.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were issued a dividend of $0.64 per share. This is an increase from Polaris’s previous quarterly dividend of $0.63. This represents a $2.56 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Monday, February 28th. Polaris’s dividend payout ratio (DPR) is 32.53%.

In other Polaris news, SVP Dougherty Lucy Clark sold 4,257 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $125.00, for a total transaction of $532,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

PII has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Polaris from $132.00 to $117.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 26th. Zacks Investment Research cut shares of Polaris from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Morgan Stanley cut their price objective on shares of Polaris from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, January 26th. Truist Financial cut their price objective on shares of Polaris from $125.00 to $120.00 in a research report on Wednesday, January 26th. Finally, Raymond James upped their price objective on shares of Polaris from $148.00 to $149.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $138.64.

Polaris Company Profile (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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