Avantax Advisory Services Inc. Has $368,000 Stock Position in Polaris Inc. (NYSE:PII)

Avantax Advisory Services Inc. lessened its position in Polaris Inc. (NYSE:PII) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,879 shares of the company’s stock after selling 490 shares during the period. Avantax Advisory Services Inc.’s holdings in Polaris were worth $368,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Qube Research & Technologies Ltd grew its position in Polaris by 276.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock valued at $37,845,000 after purchasing an additional 266,887 shares during the period. AQR Capital Management LLC increased its position in shares of Polaris by 151.9% during the third quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock worth $44,168,000 after acquiring an additional 255,777 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock worth $257,993,000 after acquiring an additional 202,794 shares during the last quarter. LSV Asset Management lifted its position in Polaris by 190.3% in the 4th quarter. LSV Asset Management now owns 261,872 shares of the company’s stock valued at $24,818,000 after acquiring an additional 171,672 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Polaris by 4,928.2% during the 3rd quarter. Lazard Asset Management LLC now owns 138,275 shares of the company’s stock valued at $14,399,000 after purchasing an additional 135,525 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the subject of several analyst reports. DA Davidson reissued a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. Truist Financial cut their price objective on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Bank of America assumed coverage on shares of Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price for the company. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Monday, April 8th. Finally, BMO Capital Markets decreased their price objective on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and an average price target of $100.27.

Polaris Price Performance

Polaris stock opened at $82.23 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The business’s 50 day simple moving average is $89.58 and its 200 day simple moving average is $90.43. Polaris Inc. has a 12 month low of $80.63 and a 12 month high of $138.49. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.82 and a beta of 1.61.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. Sell-side analysts forecast that Polaris Inc. will post 8.01 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.21%. Polaris’s payout ratio is 38.71%.

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.