US Bancorp DE Sells 1,975 Shares of Polaris Inc. (NYSE:PII)

US Bancorp DE cut its stake in Polaris Inc. (NYSE:PII) by 23.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,473 shares of the company’s stock after selling 1,975 shares during the quarter. US Bancorp DE’s holdings in Polaris were worth $373,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Quarry LP increased its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Polaris by 79.0% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock worth $148,000 after acquiring an additional 1,130 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of NYSE PII opened at $42.25 on Friday. The firm’s 50-day moving average price is $49.22 and its 200-day moving average price is $64.70. 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 company has a market cap of $2.37 billion, a PE ratio of 21.56, a PEG ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 52-week low of $39.79 and a 52-week high of $100.91.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PII. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. BMO Capital Markets decreased their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. DA Davidson decreased their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. UBS Group decreased their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird cut their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Polaris has a consensus 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.