RBF Capital LLC Takes Position in Polaris Inc. (NYSE:PII)

RBF Capital LLC purchased a new stake in Polaris Inc. (NYSE:PII - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,000 shares of the company's stock, valued at approximately $832,000.

Several other institutional investors also recently made changes to their positions in the stock. Kiltearn Partners LLP grew its position in Polaris by 147.9% during the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company's stock valued at $12,877,000 after acquiring an additional 92,300 shares during the period. Victory Capital Management Inc. raised its holdings in Polaris by 167.1% in the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock valued at $3,643,000 after buying an additional 27,375 shares during the period. ARGA Investment Management LP lifted its position in Polaris by 42.8% during the third quarter. ARGA Investment Management LP now owns 35,162 shares of the company's stock valued at $2,927,000 after buying an additional 10,539 shares in the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in Polaris during the second quarter worth approximately $757,000. Finally, Dimensional Fund Advisors LP increased 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 worth $76,994,000 after acquiring an additional 96,194 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PII has been the topic of several recent research reports. Royal Bank of Canada reduced their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird decreased their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded Polaris from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Finally, DA Davidson dropped their price objective on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $87.09.

Polaris Stock Down 1.9 %

Shares of PII traded down $1.25 during midday trading on Thursday, hitting $64.29. The company had a trading volume of 449,491 shares, compared to its average volume of 728,669. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris Inc. has a 52 week low of $64.15 and a 52 week high of $100.91. The company's 50 day moving average price is $73.66 and its 200 day moving average price is $78.20. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 7.05 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last released 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned $2.71 EPS. The company's quarterly revenue was down 23.4% on a year-over-year basis. On average, equities research analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's payout ratio is 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.