Captrust Financial Advisors reduced its position in shares of Polaris Inc. (NYSE:PII – Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,666 shares of the company’s stock after selling 587 shares during the period. Captrust Financial Advisors’ holdings in Polaris were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. JLB & Associates Inc. raised its stake in shares of Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after acquiring an additional 120 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Polaris by 1.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after acquiring an additional 187 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Polaris by 5.0% in the second quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after acquiring an additional 190 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Polaris by 27.9% in the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 200 shares in the last quarter. Finally, Claro Advisors LLC raised its stake in shares of Polaris by 3.3% in the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after acquiring an additional 254 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Price Performance
Shares of PII opened at $65.16 on Thursday. The stock’s 50 day moving average is $71.81 and its two-hundred day moving average is $77.59. The firm has a market capitalization of $3.63 billion, a PE ratio of 18.20, a P/E/G ratio of 6.65 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris Inc. has a twelve month low of $63.23 and a twelve month high of $100.91.
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS 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 analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $2.71 EPS. Research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.
Polaris Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 4.05%. Polaris’s dividend payout ratio is currently 73.74%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PII. DA Davidson cut their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada cut their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus price target of $87.09.
View Our Latest Stock Report on Polaris
Polaris Profile
(Free Report)
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.
Further Reading
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