Blue Trust Inc. Grows Stake in Polaris Inc. (NYSE:PII)

Blue Trust Inc. boosted its stake in shares of Polaris Inc. (NYSE:PII) by 2,431.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 405 shares of the company’s stock after acquiring an additional 389 shares during the quarter. Blue Trust Inc.’s holdings in Polaris were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PII. Vanguard Group Inc. increased its position in shares of Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares during the last quarter. American Century Companies Inc. increased its position in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after acquiring an additional 292,992 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Polaris by 11.1% in the second quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock valued at $28,116,000 after acquiring an additional 35,952 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Polaris by 29.9% in the 1st quarter. LSV Asset Management now owns 340,050 shares of the company’s stock worth $34,046,000 after acquiring an additional 78,178 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Price Performance

PII opened at $70.40 on Friday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 7.31 and a beta of 1.52. 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 12-month low of $68.59 and a 12-month high of $100.91. The business’s fifty day simple moving average is $80.38 and its 200-day simple moving average is $81.06.

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

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analyst Ratings Changes

PII has been the topic of several analyst reports. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. KeyCorp cut their target price 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 decreased their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Citigroup dropped their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America reduced their target price on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $87.09.

About Polaris

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.