Polaris Inc. (NYSE:PII) Stock Holdings Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in Polaris Inc. (NYSE:PII) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,953 shares of the company’s stock after selling 281 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Polaris were worth $246,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Confluence Investment Management LLC increased its stake in Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after buying an additional 6,724 shares during the period. Keynote Financial Services LLC increased its stake in shares of Polaris by 14.3% during the third quarter. Keynote Financial Services LLC now owns 6,094 shares of the company’s stock valued at $507,000 after acquiring an additional 761 shares during the period. Radnor Capital Management LLC bought a new stake in Polaris during the third quarter worth approximately $274,000. Van ECK Associates Corp lifted its position in Polaris by 35.2% in the third quarter. Van ECK Associates Corp now owns 40,966 shares of the company’s stock worth $3,410,000 after purchasing an additional 10,664 shares during the period. Finally, Trajan Wealth LLC bought a new position in Polaris during the 3rd quarter valued at $239,000. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of PII stock opened at $66.71 on Tuesday. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 6.98 and a beta of 1.52. Polaris Inc. has a 1-year low of $66.00 and a 1-year high of $100.91. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The stock’s fifty day simple moving average is $77.21 and its 200-day simple moving average is $79.67.

Polaris (NYSE:PII) last released its earnings results 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 business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company’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. On average, sell-side analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.96%. Polaris’s payout ratio is 73.74%.

Wall Street Analyst Weigh In

PII has been the topic of a number of research reports. Citigroup dropped their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Roth Mkm cut their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. KeyCorp cut their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.