Eubel Brady & Suttman Asset Management Inc. lessened its position in Polaris Inc. (NYSE:PII – Free Report) by 25.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,579 shares of the company’s stock after selling 118,858 shares during the quarter. Polaris accounts for 2.4% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 16th largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Polaris were worth $21,731,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Independent Advisor Alliance purchased a new position in Polaris in the 4th quarter worth about $214,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Polaris by 21.7% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,200 shares of the company’s stock worth $708,000 after buying an additional 2,000 shares during the period. Versor Investments LP purchased a new position in Polaris in the 4th quarter worth about $484,000. Kessler Investment Group LLC purchased a new position in Polaris in the 4th quarter worth about $311,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Polaris in the 4th quarter worth about $245,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Polaris Trading Down 2.3%
NYSE PII opened at $64.64 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -8.25 and a beta of 1.25. The company’s 50-day simple moving average is $57.70 and its two-hundred day simple moving average is $63.36. Polaris Inc. has a one year low of $36.73 and a one year high of $75.25.
Polaris Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. Polaris’s dividend payout ratio (DPR) is -34.69%.
Analysts Set New Price Targets
Several research analysts recently commented on PII shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their price target on shares of Polaris to $67.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 27th. Weiss Ratings downgraded shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Robert W. Baird raised their price target on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.00.
Get Our Latest Stock Report on Polaris
Polaris 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.
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