Farmers & Merchants Investments Inc. Has $487,000 Stake in Polaris Inc. (NYSE:PII)

Farmers & Merchants Investments Inc. cut its holdings in Polaris Inc. (NYSE:PII) by 37.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,458 shares of the company’s stock after selling 5,086 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Polaris were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new position in shares of Polaris during the 4th quarter worth about $220,000. State of Alaska Department of Revenue increased its holdings in shares of Polaris by 371.7% during the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock valued at $1,669,000 after acquiring an additional 22,835 shares in the last quarter. Caprock Group LLC raised its position in shares of Polaris by 174.4% during the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock worth $607,000 after purchasing an additional 6,693 shares during the period. Hunter Perkins Capital Management LLC lifted its holdings in shares of Polaris by 33.2% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 86,249 shares of the company’s stock worth $4,970,000 after purchasing an additional 21,508 shares in the last quarter. Finally, KBC Group NV grew its position in Polaris by 79.0% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock valued at $148,000 after purchasing an additional 1,130 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Robert W. Baird lowered their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. 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 report on Wednesday, January 29th. Finally, BMO Capital Markets lowered their target price on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Down 2.2 %

PII stock opened at $44.34 on Friday. The company’s 50 day moving average is $56.63 and its 200 day moving average is $70.50. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50. 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 1-year low of $43.20 and a 1-year high of $100.91.

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

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.04%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris’s dividend payout ratio is 134.69%.

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.