Thrivent Financial for Lutherans Sells 525 Shares of Polaris Inc. (NYSE:PII)

Thrivent Financial for Lutherans decreased its stake in shares of Polaris Inc. (NYSE:PII) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,311 shares of the company’s stock after selling 525 shares during the period. Thrivent Financial for Lutherans’ holdings in Polaris were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Venturi Wealth Management LLC boosted its position in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Signaturefd LLC grew its stake in Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares during the period. Abich Financial Wealth Management LLC bought a new position in Polaris in the second quarter worth $57,000. Finally, National Bank of Canada FI lifted its position in Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp lowered their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report 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. Finally, DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Down 0.7 %

Polaris stock opened at $67.84 on Tuesday. Polaris Inc. has a 12 month low of $64.56 and a 12 month high of $100.91. The stock has a fifty day simple moving average of $74.66 and a two-hundred day simple moving average of $78.52. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 7.21 and a beta of 1.52.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 earnings per share. Equities analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 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.