Corient Private Wealth LLC Lowers Stock Holdings in Polaris Inc. (NYSE:PII)

Corient Private Wealth LLC lessened its holdings in Polaris Inc. (NYSE:PII) by 67.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,111 shares of the company’s stock after selling 8,658 shares during the period. Corient Private Wealth LLC’s holdings in Polaris were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Larson Financial Group LLC boosted its stake in Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period. Lindbrook Capital LLC grew its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

NYSE:PII opened at $40.93 on Tuesday. The firm has a market capitalization of $2.30 billion, a PE ratio of 20.88, a PEG ratio of 13.95 and a beta of 1.54. The stock’s fifty day moving average is $45.61 and its 200 day moving average is $60.95. Polaris Inc. has a fifty-two week low of $39.29 and a fifty-two week high of $100.91. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.55%. The ex-dividend date was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is 136.73%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PII. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.83.

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.