Claro Advisors LLC Has $762,000 Position in Polaris Inc. (NYSE:PII)

Claro Advisors LLC increased its stake in Polaris Inc. (NYSE:PII) by 54.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,609 shares of the company’s stock after purchasing an additional 2,690 shares during the period. Claro Advisors LLC’s holdings in Polaris were worth $762,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PII. Diversified Trust Co lifted its stake in shares of Polaris by 36.4% in the 1st quarter. Diversified Trust Co now owns 33,809 shares of the company’s stock valued at $3,385,000 after purchasing an additional 9,024 shares during the period. Calton & Associates Inc. increased its stake in shares of Polaris by 140.7% in the 1st quarter. Calton & Associates Inc. now owns 9,848 shares of the company’s stock valued at $986,000 after acquiring an additional 5,757 shares during the last quarter. Ballentine Partners LLC boosted its stake in Polaris by 32.3% during the 1st quarter. Ballentine Partners LLC now owns 3,962 shares of the company’s stock worth $397,000 after acquiring an additional 968 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Polaris by 18.7% during the first quarter. Park Avenue Securities LLC now owns 3,016 shares of the company’s stock valued at $302,000 after purchasing an additional 475 shares during the period. Finally, Lantz Financial LLC raised its holdings in Polaris by 0.8% in the first quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock worth $1,480,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PII shares. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. DA Davidson reaffirmed a “neutral” rating and set a $80.00 price target on shares of Polaris in a research note on Tuesday, March 5th. Robert W. Baird reduced their target price on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Truist Financial lowered their price target on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.27.

Polaris Stock Down 3.8 %

PII stock opened at $75.35 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. Polaris Inc. has a 52 week low of $75.28 and a 52 week high of $138.49. The company has a market cap of $4.26 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 2.70 and a beta of 1.53. The business has a 50-day simple moving average of $81.75 and a 200 day simple moving average of $88.62.

Polaris (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.05 earnings per share. Sell-side analysts anticipate that Polaris Inc. will post 8.01 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors 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 yield of 3.50%. The ex-dividend date of this dividend was Monday, June 3rd. Polaris’s dividend payout ratio is 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.