Polaris Inc. (PII) may enjoy gains as insiders got busy in the recent days


Polaris Inc.’s recent filing unveils that its SVP-Gen Counsel & Secretary Clark Dougherty Lucy unloaded Company’s shares for reported $1.22 million on Feb 01. In the deal valued at $115.00 per share,10,626 shares were sold. As a result of this transaction, Clark Dougherty Lucy now holds 12,282 shares worth roughly $ 1.41 million.

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Then, Clark Dougherty Lucy sold 4,454 shares, generating $494,394 in total proceeds. Upon selling the shares at $111.00, the SVP-Gen Counsel & Secretary now owns 12,282 shares.

Before that, Speetzen Michael T sold 24,500 shares. Polaris Inc. shares valued at $2,920,764 were divested by the CEO at a price of $119.21 per share. As a result of the transaction, Speetzen Michael T now holds 61,202 shares, worth roughly $7.04 million.

UBS downgraded its Polaris Inc. [PII] rating to a Neutral from a a Buy in a research note published on Monday, January 27, 2023; the price target was decreased to $112 from $165. PT values the company’s stock at a premium of -2.78 to its Monday closing price. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. BMO Capital Markets also remained covering PII and has decreased its forecast on December 08, 2022 with a “Market perform” recommendation from previously “an Outperform” rating. MKM Partners started covering the stock on November 30, 2022. It rated PII as “a Neutral”.

Price Performance Review of PII

On Monday, Polaris Inc. [NYSE:PII] saw its stock fall -0.54% to $115.11. On the same session, the stock had its day’s lowest price of $114.40, but rose to a high of $116.67. Over the last five days, the stock has gained 0.28%. Polaris Inc. shares have risen nearly 13.97% since the year began. Nevertheless, the stocks have fallen -5.61% over the past one year. While a 52-week high of $123.87 was reached on 02/16/23, a 52-week low of $91.86 was recorded on 01/03/23. SMA at 50 days reached $109.72, while 200 days put it at $108.00. A total of 0.51 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For PII Stock

The 24-hour chart illustrates a support level at 114.12, which if violated will result in even more drops to 113.12. On the upside, there is a resistance level at 116.39. A further resistance level may holdings at 117.66. The Relative Strength Index (RSI) on the 14-day chart is 53.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.22%. Stochastics %K at 32.30% indicates the stock is a holding.

How much short interest is there in Polaris Inc.?

A steep rise in short interest was recorded in Polaris Inc. stocks on Jan 30, 2023, dropping by -0.77 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.97 million shares. There was a decline of -14.81%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.21.

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

In filings from Capital Research & Management Co, it is revealed that the company now owns 6,180,677 shares, or roughly 10.66% of the outstanding PII shares. In other words, the investor’s shares have risen by 100,770 from its previous 13-F filing of 6079907.0. Additionally, The Vanguard Group, Inc. decreased -0.51% of its stake after which the total value it holdings stand at $664,198,960, while SSgA Funds Management, Inc. added 10.02% of its stake to hold $514.08 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 75,823 shares of Polaris Inc., while Manulife Investment Management bought 195,433 shares. At present, Beutel, Goodman & Co. Ltd. is holding 2,126,216 shares valued at $244.17 million. Boston Partners Global Investors, owned 2,018,422 shares of the company at the time of its most recent 13F filing, worth $231.8 million.

According to FactSet, Polaris Inc.’s share price will average $111.75 in the next year, based on opinions of analysts polled by the firm. This is down nearly -2.8 percent from its previous closing price of $115.74. Analysts expect Polaris Inc. stock to reach the higher price of $130.00, while the lowest price estimate is $74.00. However, 16 analysts have rated PII stock as a Hold in their predictions for 2023.


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