Mutual of America Capital Management LLC Decreases Stock Holdings in Polaris Inc. (NYSE:PII)

Mutual of America Capital Management LLC reduced its stake in shares of Polaris Inc. (NYSE:PII) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,096 shares of the company’s stock after selling 1,069 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.18% of Polaris worth $7,839,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Lantz Financial LLC raised its stake in Polaris by 0.8% in the first quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after buying an additional 114 shares during the last quarter. JLB & Associates Inc. raised its stake in Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after buying an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Polaris by 14.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after buying an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Polaris by 2.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after buying an additional 172 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Polaris by 1.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after buying an additional 187 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PII has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 24th. Truist Financial decreased their price target on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Bank of America reduced their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.18.

Polaris Stock Performance

Shares of NYSE PII opened at $85.86 on Friday. The company’s fifty day moving average price is $81.73 and its 200 day moving average price is $84.30. Polaris Inc. has a 1 year low of $71.90 and a 1 year high of $107.96. The company has a market capitalization of $4.79 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 7.42 and a beta of 1.51. 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 announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $2.42 earnings per share. The business’s quarterly revenue was down 11.5% on a year-over-year basis. On average, research analysts predict that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

Polaris 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.