HighTower Advisors LLC Purchases 731 Shares of Polaris Inc. (NYSE:PII)

HighTower Advisors LLC lifted its holdings in Polaris Inc. (NYSE:PII) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,350 shares of the company’s stock after acquiring an additional 731 shares during the period. HighTower Advisors LLC’s holdings in Polaris were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PII. American Century Companies Inc. increased its stake in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in Polaris in the 2nd quarter valued at about $15,363,000. RWWM Inc. increased its position in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after buying an additional 179,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after acquiring an additional 96,194 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. DA Davidson dropped their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

Shares of PII opened at $57.86 on Monday. Polaris Inc. has a fifty-two week low of $56.70 and a fifty-two week high of $100.91. The firm’s 50-day simple moving average is $68.98 and its two-hundred day simple moving average is $76.55. The stock has a market cap of $3.23 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $2.71 EPS. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. Analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.66 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 4.56%. Polaris’s payout ratio is 73.74%.

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.