Consolidated Planning Corp Invests $235,000 in Polaris Inc. (NYSE:PII)

Consolidated Planning Corp bought a new stake in Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,070 shares of the company’s stock, valued at approximately $235,000.

Several other large investors have also recently added to or reduced their stakes in PII. National Bank of Canada FI increased its stake in shares of Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares during the last quarter. Nordea Investment Management AB grew its holdings in Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after purchasing an additional 183 shares during the period. Quarry LP grew its holdings in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the period. Claro Advisors LLC increased its position in Polaris by 3.3% during the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after purchasing an additional 254 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after purchasing an additional 263 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PII has been the subject of several research reports. UBS Group lowered their price objective on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. BMO Capital Markets cut their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Roth Mkm cut their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Truist Financial decreased their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Performance

Polaris stock opened at $44.41 on Friday. Polaris Inc. has a 12-month low of $42.85 and a 12-month high of $100.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50. The firm’s fifty day moving average price is $54.90 and its 200 day moving average price is $69.61.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, research analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Monday, March 3rd. Polaris’s dividend payout ratio is 136.73%.

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.