Polaris Inc. (NYSE:PII) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC lifted its position in Polaris Inc. (NYSE:PII) by 24.9% in the second quarter, HoldingsChannel reports. The firm owned 24,757 shares of the company’s stock after buying an additional 4,943 shares during the period. Inspire Investing LLC’s holdings in Polaris were worth $1,939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Polaris by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the period. TD Asset Management Inc raised its holdings in Polaris by 8.3% in the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock valued at $13,342,000 after buying an additional 10,770 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Polaris by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock valued at $6,616,000 after buying an additional 11,009 shares during the last quarter. Tidal Investments LLC acquired a new position in Polaris in the first quarter valued at about $1,065,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after buying an additional 169 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock opened at $85.86 on Friday. The business has a 50 day moving average price of $81.73 and a 200 day moving average price of $84.30. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 7.42 and a beta of 1.51. Polaris Inc. has a fifty-two week low of $71.90 and a fifty-two week high of $107.96.

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

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris’s payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of research analyst reports. Roth Mkm reduced their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. DA Davidson raised Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Thursday, July 25th. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. KeyCorp cut their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus target price of $89.18.

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.