XTX Topco Ltd Purchases New Position in Polaris Inc. (NYSE:PII)

XTX Topco Ltd acquired a new stake in Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,623 shares of the company’s stock, valued at approximately $832,000.

Several other institutional investors have also added to or reduced their stakes in PII. New England Capital Financial Advisors LLC purchased a new stake in Polaris in the first quarter worth approximately $25,000. Creekmur Asset Management LLC purchased a new position in shares of Polaris in the 4th quarter worth $27,000. Bessemer Group Inc. boosted its stake in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares during the last quarter. Security National Bank bought a new stake in shares of Polaris in the fourth quarter worth $47,000. Finally, Signaturefd LLC increased its position in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after acquiring an additional 618 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PII shares. Royal Bank of Canada cut 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 reduced their target price 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. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Roth Mkm reduced their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, DA Davidson upgraded 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.18.

Polaris Stock Performance

NYSE:PII opened at $84.33 on Monday. The stock has a 50-day moving average price of $81.92 and a 200 day moving average price of $84.15. The stock has a market capitalization of $4.77 billion, a P/E ratio of 12.37, a P/E/G ratio of 7.42 and a beta of 1.51. Polaris Inc. has a 12-month low of $71.90 and a 12-month high of $106.17. 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 (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business earned $2.42 EPS. The company’s quarterly revenue was down 11.5% on a year-over-year basis. Equities research analysts forecast that Polaris Inc. will post 3.79 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 3.13%. Polaris’s dividend payout ratio (DPR) 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.