Nisa Investment Advisors LLC Purchases 41,696 Shares of Polaris Inc. $PII

Nisa Investment Advisors LLC boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 1,116.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,431 shares of the company’s stock after acquiring an additional 41,696 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Polaris were worth $2,641,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in Polaris by 677.2% during the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after buying an additional 474,259 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Polaris by 27.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after acquiring an additional 39,584 shares during the last quarter. Inspire Investing LLC lifted its holdings in Polaris by 21.2% in the 1st quarter. Inspire Investing LLC now owns 8,438 shares of the company’s stock worth $345,000 after purchasing an additional 1,476 shares during the last quarter. Bard Financial Services Inc. boosted its position in Polaris by 14.8% during the second quarter. Bard Financial Services Inc. now owns 44,220 shares of the company’s stock worth $1,798,000 after purchasing an additional 5,700 shares during the period. Finally, Goldstone Financial Group LLC acquired a new position in Polaris during the second quarter valued at approximately $376,000. 88.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PII has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research report on Wednesday, October 8th. Seaport Res Ptn raised Polaris to a “strong-buy” rating in a research report on Thursday, January 8th. Loop Capital initiated coverage on Polaris in a report on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price on the stock. Finally, Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.25.

Insider Transactions at Polaris

In other Polaris news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $67.53, for a total value of $307,531.62. Following the transaction, the senior vice president directly owned 43,878 shares in the company, valued at $2,963,081.34. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.12% of the stock is owned by corporate insiders.

Polaris Price Performance

Shares of NYSE:PII opened at $70.65 on Tuesday. The firm has a market capitalization of $3.97 billion, a PE ratio of -26.66, a PEG ratio of 2.35 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.36 and a debt-to-equity ratio of 1.13. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $75.25. The business’s 50 day moving average is $66.43 and its 200-day moving average is $60.08.

Polaris (NYSE:PII) last issued its earnings results on Monday, October 27th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.73 earnings per share. Polaris’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.67 per share. The ex-dividend date was Monday, December 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.8%. Polaris’s dividend payout ratio (DPR) is -101.13%.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.