Janney Montgomery Scott LLC Sells 1,045 Shares of Polaris Inc. (NYSE:PII)

Janney Montgomery Scott LLC reduced its position in shares of Polaris Inc. (NYSE:PII – Free Report) by 19.1% in the first quarter, according to its most recent filing with the SEC. The company owned 4,421 shares of the company’s stock after selling 1,045 shares during the quarter. Janney Montgomery Scott LLC’s stock in Polaris was worth $443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors increased its position in Polaris by 2.4% in the 4th quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock worth $640,447,000 after purchasing an additional 160,918 shares during the period. Vanguard Group Inc. increased its position in Polaris by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,807,482 shares of the company’s stock worth $550,375,000 after purchasing an additional 48,179 shares during the period. Confluence Investment Management LLC acquired a new stake in Polaris in the 1st quarter worth approximately $108,890,000. Dimensional Fund Advisors LP increased its position in Polaris by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after purchasing an additional 82,779 shares during the period. Finally, Raymond James & Associates increased its position in Polaris by 6.8% during the 1st quarter. Raymond James & Associates now owns 405,105 shares of the company’s stock worth $40,559,000 after purchasing an additional 25,685 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $82.10 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The stock’s 50-day simple moving average is $79.92 and its 200-day simple moving average is $87.09. Polaris Inc. has a 1-year low of $73.26 and a 1-year high of $138.49. The stock has a market cap of $4.64 billion, a PE ratio of 12.04, a price-to-earnings growth ratio of 3.65 and a beta of 1.53.

Polaris (NYSE:PII – Get Free Report) last released its quarterly earnings results on Tuesday, April 23. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. In the same period last year, the company earned $2.05 EPS. The company’s revenue was down 20.3% year-over-year. As a group, analysts predict that Polaris Inc. will post 7.51 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.66 per share. This represents an annualized dividend of $2.64 and a yield of 3.22%. The ex-dividend date was Monday, June 3rd. Polaris’ dividend payout ratio (DPR) is currently 38.71%.

Wall Street analysts weigh in

A number of analysts have weighed in on PII stock. StockNews.com downgraded shares of Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America initiated coverage on shares of Polaris in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target for the company. Robert W. Baird lowered their price target on shares of Polaris from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, July 3rd. DA Davidson lowered their price target on shares of Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Finally, Truist Financial lowered their price objective 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. Eight equities analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price objective of $97.55.

Check out our latest analysis on Polaris

Polaris profile

(Free Report)

Polaris Inc. designs, engineers, manufactures, and sells powersports vehicles in the United States, Canada, and internationally. The Company 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.

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