Landscape Capital Management L.L.C. Sells 10,268 Shares of Polaris Inc. (NYSE:PII)

Landscape Capital Management L.L.C. trimmed its position in shares of Polaris Inc. (NYSE:PII) by 30.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,817 shares of the company’s stock after selling 10,268 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Polaris were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of PII. Larson Financial Group LLC boosted its stake in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP purchased a new position in shares of Polaris during the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares during the period. Quarry LP grew its stake in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares during the period. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the topic of several research analyst reports. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. DA Davidson cut their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Roth Mkm decreased their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Truist Financial dropped their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 price target on shares of Polaris in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.50.

Polaris Stock Up 1.5 %

Shares of NYSE PII opened at $36.67 on Friday. The stock has a market capitalization of $2.06 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 12-month low of $33.61 and a 12-month high of $100.00. The stock’s fifty day simple moving average is $44.41 and its two-hundred day simple moving average is $60.04.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 7.31%. Polaris’s dividend payout ratio is presently 136.73%.

About Polaris

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.