SRS Capital Advisors Inc. Has $117,000 Holdings in Polaris Inc. (NYSE:PII)

SRS Capital Advisors Inc. raised its position in Polaris Inc. (NYSE:PII) by 418.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,032 shares of the company’s stock after purchasing an additional 1,640 shares during the period. SRS Capital Advisors Inc.’s holdings in Polaris were worth $117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PII. National Bank of Canada FI lifted its holdings in Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after buying an additional 183 shares during the period. Nordea Investment Management AB raised its position in shares of Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after acquiring an additional 183 shares in the last quarter. Quarry LP lifted its stake in shares of Polaris by 187.4% in the 3rd 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 boosted its position in shares of Polaris by 3.3% during the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after purchasing an additional 254 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew 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 owned by institutional investors.

Polaris Stock Performance

Shares of Polaris stock opened at $41.16 on Thursday. Polaris Inc. has a 52 week low of $39.79 and a 52 week high of $100.91. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $50.71 and a 200-day moving average price of $66.21. The company has a market cap of $2.31 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating 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%. Equities analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.67 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research analyst reports. DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reduced their price target on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets decreased their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Truist Financial cut their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, Roth Mkm decreased their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $66.17.

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.