Fisher Asset Management LLC Acquires 737 Shares of Polaris Inc. (NYSE:PII)

Fisher Asset Management LLC raised its holdings in shares of Polaris Inc. (NYSE:PII) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,100 shares of the company’s stock after acquiring an additional 737 shares during the quarter. Fisher Asset Management LLC owned approximately 0.20% of Polaris worth $10,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Capital World Investors raised its holdings in Polaris by 2.4% during the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after acquiring an additional 160,918 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Polaris by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock worth $257,993,000 after purchasing an additional 202,794 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Polaris by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after purchasing an additional 82,779 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Polaris by 151.9% in the third quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock worth $44,168,000 after purchasing an additional 255,777 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Polaris by 1.4% in the third quarter. Northern Trust Corp now owns 406,947 shares of the company’s stock worth $42,379,000 after purchasing an additional 5,493 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PII shares. Bank of America started coverage on Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price on the stock. Citigroup reduced their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird dropped their price target on Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a research report on Tuesday, March 5th. Finally, Truist Financial dropped their price target on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus price target of $100.27.

Polaris Trading Down 0.9 %

NYSE PII opened at $77.88 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.40 billion, a PE ratio of 11.42, a PEG ratio of 2.71 and a beta of 1.56. The company’s 50-day moving average price is $83.48 and its 200-day moving average price is $89.20. Polaris Inc. has a 12 month low of $75.54 and a 12 month high of $138.49.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Equities research analysts forecast that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

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.