BNP Paribas Financial Markets Has $2.01 Million Stock Holdings in Polaris Inc. (NYSE:PII)

BNP Paribas Financial Markets decreased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 53.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,111 shares of the company's stock after selling 27,439 shares during the quarter. BNP Paribas Financial Markets' holdings in Polaris were worth $2,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 acquiring an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. acquired a new position in Polaris in the second quarter worth about $15,363,000. RWWM Inc. raised its position in Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company's stock worth $21,334,000 after purchasing an additional 179,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 purchasing an additional 96,194 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Analysts Set New Price Targets

PII has been the subject of several recent research reports. DA Davidson dropped their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. StockNews.com raised shares of Polaris from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. KeyCorp decreased their price objective on shares of 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 on the stock in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $87.09.

Polaris Price Performance

Shares of PII traded down $0.05 during mid-day trading on Friday, hitting $63.63. 805,765 shares of the company traded hands, compared to its average volume of 677,214. Polaris Inc. has a one year low of $63.23 and a one year high of $100.91. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $72.82 and a 200 day moving average of $77.93. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 6.85 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $2.71 earnings per share. Polaris's revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, equities analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.66 dividend. 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 4.15%. Polaris's payout ratio is presently 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.