BNP Paribas Financial Markets Decreases Stock Holdings in Polaris Inc. (NYSE:PII)

BNP Paribas Financial Markets reduced its holdings in Polaris Inc. (NYSE:PII) by 53.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,111 shares of the company’s stock after selling 27,439 shares during the period. BNP Paribas Financial Markets’ holdings in Polaris were worth $2,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PII. Cetera Advisors LLC purchased a new position in Polaris during the first quarter worth $506,000. Capital Investment Advisors LLC grew its holdings in Polaris by 20.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,946 shares of the company’s stock valued at $309,000 after purchasing an additional 667 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Polaris in the 2nd quarter worth about $205,000. Hunter Perkins Capital Management LLC lifted its stake in Polaris by 4.2% in the second quarter. Hunter Perkins Capital Management LLC now owns 64,991 shares of the company’s stock worth $5,089,000 after purchasing an additional 2,610 shares during the last quarter. Finally, JLB & Associates Inc. boosted its position in shares of Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after buying an additional 120 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of PII stock opened at $63.63 on Friday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 6.85 and a beta of 1.51. Polaris Inc. has a 52-week low of $63.23 and a 52-week high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $72.82 and its 200 day moving average is $77.93.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion during 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 quarter in the prior year, the business posted $2.71 earnings per share. On average, sell-side analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared 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. This represents a $2.64 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PII. 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. DA Davidson decreased their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. KeyCorp cut their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company 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.