Janney Montgomery Scott LLC Buys 263 Shares of Polaris Inc. (NYSE:PII)

Janney Montgomery Scott LLC raised its stake in shares of Polaris Inc. (NYSE:PII) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,601 shares of the company’s stock after purchasing an additional 263 shares during the period. Janney Montgomery Scott LLC’s holdings in Polaris were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Polaris during the fourth quarter valued at approximately $300,000. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Polaris by 10.6% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 10,359 shares of the company’s stock valued at $597,000 after acquiring an additional 989 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Polaris by 7.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 8,351 shares of the company’s stock valued at $481,000 after acquiring an additional 588 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Polaris by 25.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company’s stock valued at $243,000 after purchasing an additional 866 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Polaris in the fourth quarter worth $2,211,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of Polaris stock opened at $44.15 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $55.28 and its two-hundred day moving average is $69.79. Polaris Inc. has a 52 week low of $42.85 and a 52 week high of $100.91. The company has a market capitalization of $2.46 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, analysts expect that Polaris Inc. will post 1.11 earnings per share for the current 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 given a dividend of $0.67 per share. 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.07%. Polaris’s dividend payout ratio (DPR) is 134.69%.

Analyst Upgrades and Downgrades

PII has been the subject of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. BMO Capital Markets dropped their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. 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. Royal Bank of Canada lowered their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial cut their target price on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.17.

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.