Natixis Advisors LLC Purchases 4,831 Shares of Polaris Inc. (NYSE:PII)

Natixis Advisors LLC increased its holdings in Polaris Inc. (NYSE:PII) by 25.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,660 shares of the company’s stock after acquiring an additional 4,831 shares during the quarter. Natixis Advisors LLC’s holdings in Polaris were worth $1,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JLB & Associates Inc. raised its position in shares of Polaris by 0.5% in the 2nd quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock worth $1,917,000 after acquiring an additional 120 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Polaris by 2.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after buying an additional 172 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after buying an additional 187 shares during the last quarter. Isthmus Partners LLC grew its position in shares of Polaris by 5.0% in the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock worth $314,000 after buying an additional 190 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Polaris by 27.9% during the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after acquiring an additional 200 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Up 4.8 %

NYSE PII opened at $71.22 on Tuesday. The company has a fifty day moving average of $75.96 and a 200 day moving average of $79.06. The company has a market capitalization of $3.97 billion, a PE ratio of 19.89, a P/E/G ratio of 7.10 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 $64.56 and a 1 year high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $2.71 EPS. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. Research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

PII has been the subject of several recent analyst reports. DA Davidson lowered their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Robert W. Baird lowered their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, 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 research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Polaris presently has an average rating of “Hold” and an average price target 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.