Cwm LLC Purchases 1,371 Shares of Polaris Inc. (NYSE:PII)

Cwm LLC increased its position in shares of Polaris Inc. (NYSE:PII) by 67.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,397 shares of the company’s stock after acquiring an additional 1,371 shares during the period. Cwm LLC’s holdings in Polaris were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PII. Handelsbanken Fonder AB increased its holdings in shares of Polaris by 60.7% in the third quarter. Handelsbanken Fonder AB now owns 17,200 shares of the company’s stock worth $1,432,000 after purchasing an additional 6,500 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Polaris in the 2nd quarter valued at about $579,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Polaris by 34.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,164 shares of the company’s stock valued at $561,000 after acquiring an additional 1,822 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Polaris by 8.5% during the second quarter. Systematic Financial Management LP now owns 208,870 shares of the company’s stock worth $16,357,000 after purchasing an additional 16,351 shares in the last quarter. Finally, Creative Planning increased its position in shares of Polaris by 8.0% in the second quarter. Creative Planning now owns 61,613 shares of the company’s stock worth $4,825,000 after purchasing an additional 4,561 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Trading Down 2.9 %

NYSE:PII opened at $80.19 on Tuesday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 14.04, a P/E/G ratio of 7.59 and a beta of 1.51. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $82.43 and a 200 day moving average of $82.30. Polaris Inc. has a 52 week low of $71.90 and a 52 week high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The business’s revenue was down 11.5% on a year-over-year basis. During the same period last year, the company posted $2.42 earnings per share. On average, research analysts predict that Polaris Inc. will post 3.66 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is currently 46.23%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial dropped their target price on shares of Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. DA Davidson upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Thursday, July 25th. Bank of America lowered their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets cut their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.18.

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.