Polaris Inc. (NYSE:PII) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Polaris Inc. (NYSE:PII) by 44.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 555,410 shares of the company’s stock after purchasing an additional 171,366 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.00% of Polaris worth $46,232,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. American Century Companies Inc. grew its position in 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 buying an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. purchased a new position in Polaris during the second quarter worth $15,363,000. RWWM Inc. raised its stake in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after purchasing an additional 179,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 96,194 shares during the period. Finally, Kiltearn Partners LLP purchased a new stake in shares of Polaris in the second quarter valued at $4,887,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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 report on Thursday, October 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird decreased their price objective on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lowered their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Stock Performance

NYSE:PII opened at $69.00 on Monday. 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 firm has a market cap of $3.85 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 7.21 and a beta of 1.52. Polaris Inc. has a twelve month low of $64.56 and a twelve month high of $100.91. The company has a 50-day moving average of $74.66 and a 200-day moving average of $78.57.

Polaris (NYSE:PII) last posted its quarterly earnings data 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). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris’s quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 EPS. Analysts forecast 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. Shareholders of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.83%. Polaris’s payout ratio is presently 73.74%.

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.