Polaris Inc. (NYSE:PII) Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,495 shares of the company's stock after selling 15,709 shares during the quarter. Empowered Funds LLC's holdings in Polaris were worth $1,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew 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 valued at $590,924,000 after buying an additional 94,680 shares during the period. Bessemer Group Inc. grew its position in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock valued at $37,000 after purchasing an additional 235 shares during the period. Capital International Inc. CA grew its position in shares of Polaris by 25.8% in the first quarter. Capital International Inc. CA now owns 7,878 shares of the company's stock valued at $789,000 after purchasing an additional 1,615 shares during the period. Toronto Dominion Bank grew its position in shares of Polaris by 12.5% in the first quarter. Toronto Dominion Bank now owns 16,794 shares of the company's stock valued at $1,681,000 after purchasing an additional 1,861 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Polaris by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company's stock valued at $3,149,000 after purchasing an additional 929 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Up 1.1 %

Shares of Polaris stock traded up $0.76 on Friday, reaching $67.68. The company had a trading volume of 250,239 shares, compared to its average volume of 726,300. The firm's 50 day moving average price is $76.48 and its two-hundred day moving average price is $79.36. The firm has a market cap of $3.77 billion, a PE ratio of 18.68, a PEG ratio of 6.88 and a beta of 1.52. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris's revenue was down 23.4% on a year-over-year basis. During the same period last year, the firm posted $2.71 earnings per share. Sell-side analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is currently 73.74%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PII shares. DA Davidson dropped their target price on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. KeyCorp dropped their target price on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. One investment 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. Based on data from MarketBeat, Polaris presently has a consensus rating of "Hold" and an average target price of $87.09.

Polaris Company 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.