River Road Asset Management LLC Has $36.46 Million Stock Holdings in Polaris Inc. (NYSE:PII)

River Road Asset Management LLC lowered its stake in Polaris Inc. (NYSE:PII) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 384,722 shares of the company’s stock after selling 2,208 shares during the quarter. River Road Asset Management LLC owned about 0.68% of Polaris worth $36,460,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Polaris by 11.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,725 shares of the company’s stock valued at $1,111,000 after buying an additional 1,165 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Polaris during the 4th quarter worth about $1,412,000. International Assets Investment Management LLC increased its holdings in Polaris by 10,524.7% during the 4th quarter. International Assets Investment Management LLC now owns 61,411 shares of the company’s stock worth $5,820,000 after purchasing an additional 60,833 shares in the last quarter. Edmp Inc. bought a new position in Polaris during the 4th quarter worth about $232,000. Finally, Callahan Advisors LLC increased its holdings in Polaris by 15.6% during the 4th quarter. Callahan Advisors LLC now owns 4,880 shares of the company’s stock worth $462,000 after purchasing an additional 658 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of NYSE:PII traded down $1.38 during trading on Wednesday, reaching $86.76. 585,830 shares of the stock were exchanged, compared to its average volume of 665,012. Polaris Inc. has a 12 month low of $82.00 and a 12 month high of $138.49. The firm has a market cap of $4.90 billion, a PE ratio of 10.12, a PEG ratio of 2.43 and a beta of 1.60. The stock has a 50-day moving average price of $93.26 and a 200-day moving average price of $92.03. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.46 EPS. Research analysts expect that Polaris Inc. will post 7.97 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.66 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s payout ratio is 30.34%.

Analyst Ratings Changes

A number of research firms have issued reports on PII. Bank of America initiated coverage on Polaris in a report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 target price for the company. KeyCorp lowered their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Truist Financial lowered their target price on Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada lifted their price target on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.73.

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.