Isthmus Partners LLC Purchases 605 Shares of Polaris Inc. (NYSE:PII)

Isthmus Partners LLC raised its stake in Polaris Inc. (NYSE:PII) by 15.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,616 shares of the company’s stock after acquiring an additional 605 shares during the period. Isthmus Partners LLC’s holdings in Polaris were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PII. Price T Rowe Associates Inc. MD grew its position in shares of 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 during the last quarter. Tidal Investments LLC acquired a new position in shares of Polaris in the 1st quarter valued at about $1,065,000. Cetera Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at about $506,000. Linden Thomas Advisory Services LLC lifted its stake in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after purchasing an additional 172 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in shares of Polaris by 20.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,946 shares of the company’s stock valued at $309,000 after purchasing an additional 667 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PII. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective 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 dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, KeyCorp dropped their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.09.

Polaris Stock Up 1.2 %

PII stock opened at $69.10 on Friday. The company has a market cap of $3.85 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 7.13 and a beta of 1.52. Polaris Inc. has a fifty-two week low of $64.56 and a fifty-two week high of $100.91. The stock’s 50 day simple moving average is $74.97 and its 200 day simple moving average is $78.77. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $2.71 earnings per share. On average, research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.