KBC Group NV Purchases 1,130 Shares of Polaris Inc. (NYSE:PII)

KBC Group NV boosted its position in Polaris Inc. (NYSE:PII) by 79.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,561 shares of the company’s stock after purchasing an additional 1,130 shares during the period. KBC Group NV’s holdings in Polaris were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PII. Venturi Wealth Management LLC lifted its holdings in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the period. Blue Trust Inc. lifted its stake in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the period. Quarry LP boosted its holdings in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after acquiring an additional 253 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Roth Mkm decreased their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Royal Bank of Canada dropped their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday. Finally, KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Performance

Shares of PII stock opened at $45.44 on Friday. Polaris Inc. has a 12 month low of $43.20 and a 12 month high of $100.91. The firm has a market capitalization of $2.53 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 14.51 and a beta of 1.50. The firm has a fifty day simple moving average of $57.13 and a two-hundred day simple moving average of $70.82. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is currently 134.69%.

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.