Xponance Inc. Sells 3,082 Shares of Polaris Inc. (NYSE:PII)

Xponance Inc. reduced its stake in shares of Polaris Inc. (NYSE:PII) by 28.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,869 shares of the company’s stock after selling 3,082 shares during the quarter. Xponance Inc.’s holdings in Polaris were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PII. New England Capital Financial Advisors LLC bought a new position in Polaris in the 1st quarter valued at $25,000. Creekmur Asset Management LLC bought a new position in Polaris in the fourth quarter valued at about $27,000. Bessemer Group Inc. increased its position in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the period. Security National Bank bought a new stake in Polaris during the 4th quarter worth about $47,000. Finally, Signaturefd LLC lifted its position in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PII shares. Longbow Research reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Citigroup dropped their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada reduced their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial dropped their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, KeyCorp reduced their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and an average price target of $89.18.

Polaris Price Performance

NYSE PII opened at $84.95 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 7.54 and a beta of 1.51. The business has a 50 day simple moving average of $81.95 and a 200 day simple moving average of $83.86. Polaris Inc. has a 52-week low of $71.90 and a 52-week high of $106.17.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The company’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. Analysts anticipate that Polaris Inc. will post 3.79 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.66 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.11%. Polaris’s dividend payout ratio is currently 38.71%.

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.