Empowered Funds LLC Increases Holdings in Polaris Inc. (NYSE:PII)

Empowered Funds LLC raised its stake in Polaris Inc. (NYSE:PII) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,413 shares of the company’s stock after purchasing an additional 5,918 shares during the quarter. Empowered Funds LLC’s holdings in Polaris were worth $1,234,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after buying an additional 69,844 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in Polaris by 0.7% in the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after acquiring an additional 6,724 shares during the period. Charles Schwab Investment Management Inc. grew its position in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after acquiring an additional 171,366 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of Polaris by 9.9% during the third quarter. Systematic Financial Management LP now owns 229,565 shares of the company’s stock valued at $19,109,000 after purchasing an additional 20,695 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in shares of Polaris by 0.4% during the third quarter. Royal London Asset Management Ltd. now owns 221,481 shares of the company’s stock valued at $18,436,000 after purchasing an additional 818 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

PII stock opened at $45.08 on Monday. The firm has a market cap of $2.51 billion, a P/E ratio of 23.00, a P/E/G ratio of 13.80 and a beta of 1.50. The stock’s 50 day simple moving average is $54.52 and its 200 day simple moving average is $69.15. 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 Inc. has a 12-month low of $42.85 and a 12-month high of $100.91.

Polaris (NYSE:PII) last posted its quarterly earnings results 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, equities research analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their price target on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Truist Financial cut their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.