Vaughan David Investments LLC IL Purchases New Shares in Polaris Inc. (NYSE:PII)

Vaughan David Investments LLC IL bought a new position in Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 179,984 shares of the company’s stock, valued at approximately $24,651,000. Vaughan David Investments LLC IL owned approximately 0.30% of Polaris at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Aurora Investment Counsel bought a new position in shares of Polaris during the second quarter valued at $1,956,000. NorthCoast Asset Management LLC increased its position in Polaris by 19.1% in the second quarter. NorthCoast Asset Management LLC now owns 158,783 shares of the company’s stock worth $21,796,000 after buying an additional 25,498 shares in the last quarter. People s United Financial Inc. grew its position in shares of Polaris by 7.9% during the second quarter. People s United Financial Inc. now owns 8,288 shares of the company’s stock worth $1,135,000 after purchasing an additional 605 shares in the last quarter. JustInvest LLC bought a new position in Polaris during the second quarter valued at approximately $344,000. Finally, SeaBridge Investment Advisors LLC lifted its stake in shares of Polaris by 65.0% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 11,659 shares of the company’s stock valued at $1,597,000 after purchasing an additional 4,592 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Polaris stock traded down $4.32 on Monday, hitting $115.37. The company’s stock had a trading volume of 4,340 shares, compared to its average volume of 770,847. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.34 and a current ratio of 1.17. Polaris Inc. has a 1 year low of $86.67 and a 1 year high of $147.73. The firm has a fifty day moving average price of $127.32 and a 200-day moving average price of $132.28. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 11.46 and a beta of 1.95.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, July 27th. The company reported $2.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.53. Polaris had a return on equity of 65.96% and a net margin of 8.05%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $1.30 EPS. Polaris’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, analysts forecast that Polaris Inc. will post 9.59 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, August 31st. Polaris’s dividend payout ratio (DPR) is 32.56%.

Several brokerages have recently weighed in on PII. Truist Securities reduced their price target on Polaris from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, July 28th. BNP Paribas assumed coverage on Polaris in a report on Monday, June 14th. They set an “underperform” rating and a $113.00 price objective on the stock. Raymond James reduced their price objective on Polaris from $169.00 to $158.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 28th. Truist reduced their price objective on Polaris from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, July 28th. They noted that the move was a valuation call. Finally, Longbow Research downgraded Polaris from a “buy” rating to a “neutral” rating in a report on Thursday, July 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.59.

About Polaris

Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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