River Road Asset Management LLC Sells 2,208 Shares of Polaris Inc. (NYSE:PII)

River Road Asset Management LLC lowered its holdings in shares of Polaris Inc. (NYSE:PII) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 384,722 shares of the company’s stock after selling 2,208 shares during the quarter. River Road Asset Management LLC’s holdings in Polaris were worth $36,460,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PII. Farther Finance Advisors LLC raised its stake in shares of Polaris by 71.2% in the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Polaris in the fourth quarter valued at $31,000. Money Concepts Capital Corp raised its stake in shares of Polaris by 89.1% in the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after acquiring an additional 147 shares during the period. Larson Financial Group LLC raised its stake in shares of Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in shares of Polaris in the third quarter valued at $46,000. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PII. Bank of America began coverage on shares of Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th. KeyCorp reduced their price target on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Royal Bank of Canada raised their price target on shares of Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Finally, Truist Financial cut their target price on shares of Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.73.

Polaris Stock Down 1.6 %

Shares of NYSE:PII traded down $1.38 during trading on Wednesday, reaching $86.76. The stock had a trading volume of 585,830 shares, compared to its average volume of 665,012. Polaris Inc. has a one year low of $82.00 and a one year high of $138.49. The company has a market capitalization of $4.90 billion, a P/E ratio of 10.12, a PEG ratio of 2.43 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $93.26 and its 200 day simple moving average is $92.03.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the business posted $3.46 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts expect that Polaris Inc. will post 7.97 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.66 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s dividend payout ratio (DPR) is currently 30.34%.

About Polaris

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.