Landscape Capital Management L.L.C. Makes New $2.84 Million Investment in Polaris Inc. (NYSE:PII)

Landscape Capital Management L.L.C. purchased a new stake in Polaris Inc. (NYSE:PII) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 34,085 shares of the company’s stock, valued at approximately $2,837,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Polaris by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares during the period. Bessemer Group Inc. raised its holdings in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Capital International Inc. CA lifted its position in shares of Polaris by 25.8% during the 1st quarter. Capital International Inc. CA now owns 7,878 shares of the company’s stock worth $789,000 after buying an additional 1,615 shares during the period. Toronto Dominion Bank lifted its position in shares of Polaris by 12.5% during the 1st quarter. Toronto Dominion Bank now owns 16,794 shares of the company’s stock worth $1,681,000 after buying an additional 1,861 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Polaris by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company’s stock valued at $3,149,000 after buying an additional 929 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 1.0 %

NYSE PII opened at $65.20 on Thursday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 6.88 and a beta of 1.52. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The stock has a fifty day moving average of $76.71 and a 200-day moving average of $79.44.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.71 earnings per share. On average, equities research analysts forecast that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PII. Bank of America cut their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Citigroup decreased their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Polaris currently has an average rating of “Hold” and a consensus price target of $87.09.

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.