Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Polaris Inc. (NYSE:PII – Free Report) by 86.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,268 shares of the company’s stock after selling 46,974 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Polaris were worth $422,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in PII. Harbor Capital Advisors Inc. bought a new position in Polaris during the third quarter worth about $26,000. Quent Capital LLC bought a new stake in shares of Polaris in the 3rd quarter valued at approximately $37,000. Parkside Financial Bank & Trust raised its holdings in shares of Polaris by 371.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock worth $28,000 after buying an additional 546 shares in the last quarter. EMC Capital Management bought a new position in shares of Polaris during the 2nd quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. boosted its stake in Polaris by 213.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 928 shares of the company’s stock valued at $54,000 after buying an additional 632 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.
Polaris Stock Up 0.8%
Shares of NYSE:PII opened at $64.33 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 1.81. The firm has a market cap of $3.62 billion, a P/E ratio of -7.86, a P/E/G ratio of 2.14 and a beta of 1.19. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $75.25. The company’s 50-day moving average price is $67.68 and its two-hundred day moving average price is $62.39.
Polaris Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, March 2nd. This is a positive change from Polaris’s previous quarterly dividend of $0.67. Polaris’s dividend payout ratio is -32.76%.
Analysts Set New Price Targets
PII has been the subject of several recent analyst reports. Citigroup increased their price objective on Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Seaport Research Partners upgraded shares of Polaris to a “strong-buy” rating in a research report on Thursday, January 8th. BMO Capital Markets reissued a “market perform” rating and set a $70.00 price target on shares of Polaris in a report on Wednesday, October 29th. Weiss Ratings raised shares of Polaris from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 16th. Finally, Morgan Stanley raised their price objective on shares of Polaris from $72.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Twelve investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.80.
View Our Latest Stock Analysis on Polaris
Insider Activity at Polaris
In other news, SVP James P. Williams sold 4,554 shares of Polaris stock in a transaction on Friday, December 5th. The stock was sold at an average price of $67.53, for a total value of $307,531.62. Following the completion of the sale, the senior vice president directly owned 43,878 shares of the company’s stock, valued at approximately $2,963,081.34. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.12% of the company’s stock.
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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