Loudon Investment Management LLC Purchases 994 Shares of Polaris Inc. (NYSE:PII)

Loudon Investment Management LLC boosted its position in Polaris Inc. (NYSE:PII) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,870 shares of the company’s stock after acquiring an additional 994 shares during the period. Polaris accounts for 1.8% of Loudon Investment Management LLC’s investment portfolio, making the stock its 18th biggest position. Loudon Investment Management LLC owned approximately 0.05% of Polaris worth $3,007,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd grew its stake in shares of Polaris by 276.5% in the third quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock worth $37,845,000 after purchasing an additional 266,887 shares during the last quarter. AQR Capital Management LLC increased its stake 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 valued at $44,168,000 after buying an additional 255,777 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after acquiring an additional 202,794 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Polaris by 4,928.2% in the third quarter. Lazard Asset Management LLC now owns 138,275 shares of the company’s stock worth $14,399,000 after acquiring an additional 135,525 shares during the period. Finally, Invesco Ltd. boosted its holdings in Polaris by 41.7% in the third quarter. Invesco Ltd. now owns 274,342 shares of the company’s stock valued at $28,570,000 after acquiring an additional 80,788 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PII. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, April 8th. Royal Bank of Canada cut their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Bank of America assumed coverage on Polaris in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price for the company. StockNews.com cut Polaris from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Truist Financial reduced their price target on Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.27.

Polaris Stock Up 0.4 %

NYSE PII traded up $0.33 during mid-day trading on Thursday, reaching $83.79. The stock had a trading volume of 499,829 shares, compared to its average volume of 717,618. The stock has a market cap of $4.73 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The company has a fifty day moving average price of $91.95 and a 200 day moving average price of $91.09.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS 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 period last year, the company earned $2.05 EPS. Polaris’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, research analysts expect that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris’s payout ratio is currently 38.71%.

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.