Systematic Financial Management LP Acquires 17,612 Shares of Polaris Inc. (NYSE:PII)

Systematic Financial Management LP raised its holdings in shares of Polaris Inc. (NYSE:PII) by 7.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 247,177 shares of the company’s stock after buying an additional 17,612 shares during the quarter. Systematic Financial Management LP’s holdings in Polaris were worth $14,242,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Capital World Investors lifted its position in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock valued at $354,725,000 after purchasing an additional 388,050 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after acquiring an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. raised its stake in shares of Polaris by 2.6% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after acquiring an additional 69,766 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Polaris by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after acquiring an additional 21,087 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Polaris by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company’s stock valued at $61,702,000 after acquiring an additional 162,958 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 2.6%

PII stock opened at $39.24 on Friday. The company has a market capitalization of $2.21 billion, a PE ratio of 20.02, a P/E/G ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00. The firm’s 50-day moving average is $37.31 and its 200 day moving average is $49.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. On average, research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date is Monday, June 2nd. Polaris’s dividend payout ratio (DPR) is 372.22%.

Wall Street Analysts Forecast Growth

PII has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on shares of Polaris from $54.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird reduced their target price on shares of Polaris from $40.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Finally, Truist Financial reduced their target price on shares of Polaris from $55.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.36.

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.