Alpha DNA Investment Management LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,214 shares of the company’s stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PII. Huntington National Bank acquired a new position in Polaris during the 4th quarter valued at $26,000. International Assets Investment Management LLC acquired a new position in Polaris during the 4th quarter valued at $32,000. Addison Advisors LLC acquired a new position in Polaris during the 4th quarter valued at $46,000. Simon Quick Advisors LLC acquired a new position in Polaris during the 4th quarter valued at $48,000. Finally, TD Ameritrade Investment Management LLC acquired a new position in shares of Polaris in the 4th quarter valued at $52,000. 73.65% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PII opened at $137.61 on Thursday. The firm has a market capitalization of $8.47 billion, a PE ratio of 417.00 and a beta of 2.05. The firm’s 50-day moving average is $129.77 and its 200-day moving average is $108.03. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of 1.40. Polaris Inc. has a 1 year low of $48.70 and a 1 year high of $140.93.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, January 25th. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.44. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.83 billion. Polaris had a net margin of 0.38% and a return on equity of 40.78%. Polaris’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. As a group, equities research analysts anticipate that Polaris Inc. will post 7.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were issued a dividend of $0.63 per share. This is an increase from Polaris’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, February 26th. Polaris’s dividend payout ratio (DPR) is 39.87%.

Several equities research analysts have recently weighed in on the stock. Wedbush upped their target price on shares of Polaris from $134.00 to $153.00 and gave the stock an “outperform” rating in a report on Monday, March 15th. Truist upped their target price on shares of Polaris from $110.00 to $125.00 in a report on Wednesday, January 27th. Raymond James increased their price objective on shares of Polaris from $147.00 to $162.00 and gave the stock a “strong-buy” rating in a report on Monday, March 29th. Morgan Stanley increased their price objective on shares of Polaris from $145.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, March 25th. Finally, KeyCorp increased their price objective on shares of Polaris from $120.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Polaris currently has an average rating of “Buy” and an average price target of $120.24.

In other Polaris news, CFO Robert Paul Mack sold 9,250 shares of the firm’s stock in a transaction that occurred on Wednesday, January 20th. The shares were sold at an average price of $119.18, for a total transaction of $1,102,415.00. Following the sale, the chief financial officer now directly owns 12,323 shares in the company, valued at approximately $1,468,655.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen L. Eastman sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $119.00, for a total transaction of $2,737,000.00. Following the sale, the insider now owns 49,752 shares in the company, valued at $5,920,488. The disclosure for this sale can be found here. Insiders have sold a total of 187,821 shares of company stock worth $24,733,195 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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