International Assets Investment Management LLC Has $1.18 Million Holdings in Polaris Inc. (NYSE:PII)

International Assets Investment Management LLC boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 1,309.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,151 shares of the company’s stock after buying an additional 13,147 shares during the quarter. International Assets Investment Management LLC’s holdings in Polaris were worth $1,178,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PII. Vanguard Group Inc. lifted its holdings in Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after purchasing an additional 94,680 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. ProShare Advisors LLC increased its holdings in Polaris by 11.1% in the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after purchasing an additional 35,952 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Polaris by 29.9% in the 1st quarter. LSV Asset Management now owns 340,050 shares of the company’s stock valued at $34,046,000 after buying an additional 78,178 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Up 0.6 %

Shares of NYSE PII opened at $70.84 on Tuesday. 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 has a market cap of $3.95 billion, a P/E ratio of 20.01, a P/E/G ratio of 7.31 and a beta of 1.52. Polaris Inc. has a 52 week low of $68.59 and a 52 week high of $100.91. The business has a 50-day simple moving average of $80.38 and a two-hundred day simple moving average of $80.97.

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 the consensus estimate of $0.88 by ($0.15). The firm 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%. The company’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. Research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 3.73%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is currently 73.74%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird cut their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Bank of America decreased their target price on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. KeyCorp lowered their price objective 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. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.09.

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.