American Century Companies Inc. Grows Stake in Polaris Inc. (NYSE:PII)

American Century Companies Inc. lifted its position in Polaris Inc. (NYSE:PII) by 311.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,012 shares of the company’s stock after purchasing an additional 292,992 shares during the quarter. American Century Companies Inc. owned about 0.68% of Polaris worth $30,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PII. New England Capital Financial Advisors LLC bought a new stake in Polaris during the first quarter valued at approximately $25,000. Creekmur Asset Management LLC purchased a new position in Polaris in the fourth quarter worth $27,000. Bessemer Group Inc. increased its stake in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Security National Bank purchased a new stake in Polaris during the fourth quarter valued at about $47,000. Finally, Signaturefd LLC lifted its stake in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PII. Roth Mkm decreased their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial reduced their target price on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. KeyCorp lowered their price target on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada decreased their price objective on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $89.18.

Polaris Trading Down 1.4 %

NYSE PII opened at $83.48 on Thursday. The stock has a market cap of $4.72 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 6.92 and a beta of 1.51. Polaris Inc. has a fifty-two week low of $71.90 and a fifty-two week high of $107.96. The stock has a 50 day simple moving average of $81.54 and a two-hundred day simple moving average of $84.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $2.42 EPS. The business’s revenue was down 11.5% on a year-over-year basis. On average, analysts forecast that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a yield of 3.16%. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

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.