Apollon Wealth Management LLC Purchases New Position in Polaris Inc. (NYSE:PII)

Apollon Wealth Management LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,815 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PII. State of Alaska Department of Revenue raised its stake in shares of Polaris by 371.7% in the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after purchasing an additional 22,835 shares during the last quarter. Caprock Group LLC raised its position in Polaris by 174.4% in the 4th quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock worth $607,000 after buying an additional 6,693 shares during the last quarter. Kiltearn Partners LLP raised its position in Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after buying an additional 92,300 shares during the last quarter. FMR LLC raised its position in Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after buying an additional 24,103 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after acquiring an additional 22,648 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Trading Up 1.5 %

Polaris stock opened at $45.08 on Friday. The firm has a 50 day moving average of $54.52 and a 200 day moving average of $69.25. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 13.80 and a beta of 1.50. Polaris Inc. has a 12-month low of $42.85 and a 12-month high of $100.91. 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 announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (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, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.94%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris’s payout ratio is presently 134.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PII shares. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. UBS Group dropped their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Truist Financial reduced their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.