Eubel Brady & Suttman Asset Management Inc. Makes New $15.36 Million Investment in Polaris Inc. (NYSE:PII)

Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 196,179 shares of the company’s stock, valued at approximately $15,363,000. Polaris comprises approximately 2.2% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 21st largest holding. Eubel Brady & Suttman Asset Management Inc. owned about 0.35% of Polaris at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its stake in Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after purchasing an additional 187 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Polaris by 22.2% in the second quarter. Wedbush Securities Inc. now owns 6,275 shares of the company’s stock worth $491,000 after buying an additional 1,139 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Polaris in the second quarter worth about $90,000. Paralel Advisors LLC increased its holdings in shares of Polaris by 31.7% in the second quarter. Paralel Advisors LLC now owns 22,799 shares of the company’s stock worth $1,785,000 after buying an additional 5,492 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Polaris in the second quarter worth about $1,872,000. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PII shares. Robert W. Baird decreased their price objective on Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Truist Financial reduced their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Bank of America reduced their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reduced their target price on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Polaris presently has an average rating of “Hold” and an average target price of $89.18.

Polaris Stock Performance

Shares of PII opened at $78.86 on Tuesday. 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 business’s 50 day moving average price is $80.87 and its 200-day moving average price is $84.80. Polaris Inc. has a 52 week low of $71.90 and a 52 week high of $109.35. The stock has a market cap of $4.40 billion, a P/E ratio of 11.56, a P/E/G ratio of 7.04 and a beta of 1.51.

Polaris (NYSE:PII) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.42 earnings per share. Equities research analysts anticipate that Polaris Inc. will post 3.79 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.35%. Polaris’s dividend payout ratio is presently 38.71%.

Polaris Company 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.