Bank of New Hampshire Cuts Stake in Polaris Inc. (NYSE:PII)

Bank of New Hampshire reduced its stake in shares of Polaris Inc. (NYSE:PII) by 82.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the company’s stock after selling 12,167 shares during the period. Bank of New Hampshire’s holdings in Polaris were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chase Investment Counsel Corp acquired a new stake in Polaris during the 4th quarter worth approximately $852,000. Semanteon Capital Management LP acquired a new stake in Polaris during the 4th quarter worth approximately $1,270,000. TD Asset Management Inc increased its position in Polaris by 8.3% during the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock worth $13,342,000 after purchasing an additional 10,770 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Polaris by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock worth $33,957,000 after purchasing an additional 10,745 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Polaris by 10,524.7% during the 4th quarter. International Assets Investment Management LLC now owns 61,411 shares of the company’s stock worth $5,820,000 after purchasing an additional 60,833 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. Truist Financial lowered their price objective on shares of Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Citigroup lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. Robert W. Baird lowered their price objective on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $100.27.

Polaris Stock Performance

Shares of PII opened at $78.75 on Friday. The business’s fifty day moving average price is $82.94 and its 200 day moving average price is $89.06. Polaris Inc. has a 12-month low of $75.54 and a 12-month high of $138.49. The stock has a market capitalization of $4.45 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 2.67 and a beta of 1.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. Equities research analysts forecast that Polaris Inc. will post 8.01 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is 38.71%.

Polaris Company 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.