Edgestream Partners L.P. Raises Holdings in Polaris Inc. (NYSE:PII)

Edgestream Partners L.P. boosted its position in Polaris Inc. (NYSE:PII) by 214.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,456 shares of the company’s stock after acquiring an additional 20,756 shares during the period. Edgestream Partners L.P. owned 0.05% of Polaris worth $2,385,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. New England Capital Financial Advisors LLC bought a new stake in shares of Polaris in the first quarter valued at approximately $25,000. Creekmur Asset Management LLC bought a new position in shares of Polaris in the fourth quarter worth approximately $27,000. Bessemer Group Inc. raised 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 purchasing an additional 235 shares in the last quarter. Security National Bank bought a new stake in Polaris during the fourth quarter valued at approximately $47,000. Finally, Signaturefd LLC grew its stake in Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after buying an additional 618 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PII shares. Truist Financial dropped their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a report on Monday, July 8th. DA Davidson upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, July 25th. KeyCorp decreased their price target on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price target on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.18.

Polaris Trading Down 1.4 %

NYSE:PII opened at $83.48 on Thursday. The company has a 50-day moving average price of $81.54 and a 200-day moving average price of $84.30. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 6.92 and a beta of 1.51. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $107.96.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. Equities analysts predict that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 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.