Sanctuary Advisors LLC Cuts Position in Polaris Inc. (NYSE:PII)

Sanctuary Advisors LLC trimmed its holdings in shares of Polaris Inc. (NYSE:PII) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,541 shares of the company’s stock after selling 370 shares during the period. Sanctuary Advisors LLC’s holdings in Polaris were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its stake in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. lifted 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 worth $32,000 after purchasing an additional 389 shares in the last quarter. Quarry LP boosted its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the period. Signaturefd LLC grew its holdings in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Polaris during the 2nd quarter worth $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PII shares. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. KeyCorp reduced their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Robert W. Baird reduced their price objective on shares of 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 dropped 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 issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Stock Up 0.7 %

NYSE:PII opened at $57.12 on Thursday. The firm has a market capitalization of $3.19 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. Polaris Inc. has a 52 week low of $55.55 and a 52 week 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 has a 50 day moving average of $67.48 and a 200-day moving average of $76.09.

Polaris (NYSE:PII) last issued 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 company had revenue of $1.72 billion during 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 period in the prior year, the business earned $2.71 earnings per share. Analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.66 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 4.62%. Polaris’s dividend payout ratio is presently 73.74%.

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.