The Attractiveness of Investing In Polaris Inc. (PII) is Growing


Polaris Inc.’s recently made public that its CEO Speetzen Michael T unloaded Company’s shares for reported $2.92 million on Aug 12. In the deal valued at $119.21 per share,24,500 shares were sold. As a result of this transaction, Speetzen Michael T now holds 61,202 shares worth roughly $ 6.5 million.

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Then, Eastman Stephen L. sold 12,000 shares, generating $1,441,680 in total proceeds. Upon selling the shares at $120.14, the President – PG&A now owns 20,583 shares.

Before that, Clark Dougherty Lucy sold 4,257 shares. Polaris Inc. shares valued at $532,125 were divested by the SVP-Gen Counsel & Secretary at a price of $125.00 per share. As a result of the transaction, Clark Dougherty Lucy now holds 22,806 shares, worth roughly $2.42 million.

Citigroup downgraded its Polaris Inc. [PII] rating to a Neutral from a a Buy in a research note published on Monday, October 19, 2022; the price target was decreased to $101 from $131. PT values the company’s stock at a premium of -5.11 to its Monday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late June with a ‘”a Hold”‘ rating. DA Davidson began covering PII with “Neutral” recommendation on May 05, 2022. Citigroup started covering the stock on February 10, 2022. It rated PII as “a Buy”.

Price Performance Review of PII

On Monday, Polaris Inc. [NYSE:PII] saw its stock jump 2.52% to $106.16. On the same session, the stock had its day’s lowest price of $102.82, but rose to a high of $106.71. Over the last five days, the stock has gained 4.49%. Polaris Inc. shares have fallen nearly -3.41% since the year began. Nevertheless, the stocks have fallen -14.17% over the past one year. While a 52-week high of $127.37 was reached on 02/16/22, a 52-week low of $91.86 was recorded on 10/21/22. SMA at 50 days reached $103.37, while 200 days put it at $108.23. A total of 0.7 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For PII Stock

The 24-hour chart illustrates a support level at 103.75, which if violated will result in even more drops to 101.34. On the upside, there is a resistance level at 107.64. A further resistance level may holdings at 109.12. The Relative Strength Index (RSI) on the 14-day chart is 59.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.70%. Stochastics %K at 80.68% indicates the stock is a selling.

How much short interest is there in Polaris Inc.?

A steep rise in short interest was recorded in Polaris Inc. stocks on Jul 14, 2022, dropping by 10000.0 shares to a total of 4.26 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.27 million shares. There was a decline of -0.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.48.

Polaris Inc. [PII] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 5,980,373 shares, or roughly 10.04% of the outstanding PII shares. In other words, the investor’s shares have risen by 2,281,800 from its previous 13-F filing of 3698573.0. Additionally, The Vanguard Group, Inc. increased 0.23% of its stake after which the total value it holdings stand at $547,304,709, while SSgA Funds Management, Inc. added 7.00% of its stake to hold $423.35 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -25,800 shares of Polaris Inc., while Boston Partners Global Investors, sold 830 shares. At present, Manulife Investment Management is holding 2,226,951 shares valued at $213.01 million. Beutel, Goodman & Co. Ltd. owned 2,151,823 shares of the company at the time of its most recent 13F filing, worth $205.82 million.

According to FactSet, Polaris Inc.’s share price will average $111.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.71 percent from its previous closing price of $103.55. Analysts expect Polaris Inc. stock to reach the higher price of $159.00, while the lowest price estimate is $81.00. However, 16 analysts have rated PII stock as an Overweight in their predictions for 2022.


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