Polaris Inc. (NYSE:PII) Stock Holdings Lowered by Atria Investments Inc

Atria Investments Inc cut its holdings in shares of Polaris Inc. (NYSE:PII) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,588 shares of the company’s stock after selling 1,183 shares during the period. Atria Investments Inc’s holdings in Polaris were worth $299,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PII. American Century Companies Inc. boosted its position in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Polaris in the second quarter worth about $15,363,000. RWWM Inc. increased its position in shares of Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 period. Finally, Vanguard Group Inc. lifted its position in shares of Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Polaris Stock Performance

Shares of NYSE:PII opened at $67.95 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business’s fifty day moving average price is $76.48 and its two-hundred day moving average price is $79.36. Polaris Inc. has a fifty-two week low of $64.56 and a fifty-two week high of $100.91. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 6.88 and a beta of 1.52.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share 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 analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 earnings per share. As a group, analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 3.89%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 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.