Principal Financial Group Inc. Has $10.10 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Principal Financial Group Inc. decreased its stake in shares of Polaris Inc. (NYSE:PII) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,360 shares of the company’s stock after selling 55,404 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Polaris worth $10,102,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PII. Vanguard Group Inc. increased its position in Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after buying an additional 94,680 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Polaris by 10.8% in 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 in the last quarter. American Century Companies Inc. lifted its position in shares of Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after acquiring an additional 292,992 shares during the period. ProShare Advisors LLC grew its stake in Polaris by 11.1% during the second quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after buying an additional 35,952 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Polaris by 12.0% in the 2nd quarter. AQR Capital Management LLC now owns 290,539 shares of the company’s stock valued at $22,706,000 after buying an additional 31,081 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. DA Davidson dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. 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 research note on Wednesday, October 23rd. Citigroup lowered their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, BMO Capital Markets reduced their price target on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 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.com, the stock currently has an average rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

PII opened at $66.71 on Tuesday. The firm’s fifty day moving average price is $77.21 and its two-hundred day moving average price is $79.67. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 6.98 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris Inc. has a 1 year low of $66.00 and a 1 year high of $100.91.

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 for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 earnings per share. As a group, analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.96%. Polaris’s dividend payout ratio (DPR) is currently 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.