Polaris Inc. (NYSE:PII) Stock Holdings Decreased by Round Hill Asset Management

Round Hill Asset Management reduced its position in Polaris Inc. (NYSE:PII) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,094 shares of the company’s stock after selling 791 shares during the period. Polaris comprises approximately 2.2% of Round Hill Asset Management’s holdings, making the stock its 15th largest position. Round Hill Asset Management owned approximately 0.07% of Polaris worth $3,254,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares in the last quarter. Blue Trust Inc. grew its position in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Bessemer Group Inc. grew its position in Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Signaturefd LLC grew its position in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Polaris during the second quarter valued at approximately $57,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PII has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, KeyCorp lowered their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Polaris has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

NYSE:PII opened at $67.95 on Friday. The company has a 50-day moving average of $76.21 and a 200-day moving average of $79.20. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 6.99 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.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business 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%. Polaris’s revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.71 earnings per share. As a group, equities research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is currently 73.74%.

Polaris Company 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.