Polaris Inc. (NYSE:PII) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its stake in Polaris Inc. (NYSE:PII) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,757 shares of the company’s stock after buying an additional 4,943 shares during the quarter. Inspire Investing LLC’s holdings in Polaris were worth $1,939,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PII. New England Capital Financial Advisors LLC purchased a new stake in Polaris in the 1st quarter worth approximately $25,000. Creekmur Asset Management LLC acquired a new stake in Polaris during the fourth quarter valued at $27,000. Bessemer Group Inc. increased its holdings 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 buying an additional 235 shares in the last quarter. Security National Bank acquired a new position in shares of Polaris in the fourth quarter worth about $47,000. Finally, Signaturefd LLC raised its position in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Trading Up 2.9 %

Shares of PII stock opened at $85.86 on Friday. Polaris Inc. has a fifty-two week low of $71.90 and a fifty-two week high of $107.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The stock’s fifty day moving average is $81.73 and its two-hundred day moving average is $84.30. The firm has a market capitalization of $4.79 billion, a P/E ratio of 12.59, a PEG ratio of 7.42 and a beta of 1.51.

Polaris (NYSE:PII) last posted its quarterly earnings results 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). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 earnings per share. Research analysts expect that Polaris Inc. will post 3.79 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, September 3rd. Polaris’s dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PII shares. Truist Financial dropped their target price on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, July 25th. KeyCorp reduced their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Polaris has an average rating of “Hold” and an average price target of $89.18.

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.