Franklin Resources Inc. Grows Position in Polaris Inc. (NYSE:PII)

Franklin Resources Inc. raised its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,004 shares of the company's stock after buying an additional 18,418 shares during the quarter. Franklin Resources Inc. owned about 0.30% of Polaris worth $13,745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares during the last quarter. Quarry LP increased its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. Signaturefd LLC raised its holdings in Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after buying an additional 618 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Polaris in the 2nd quarter worth approximately $57,000. Institutional investors own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PII. KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. DA Davidson lowered their price objective 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. StockNews.com lowered Polaris from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Royal Bank of Canada lowered their target price on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. Finally, Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and a consensus target price of $87.09.

Polaris Price Performance

Shares of PII traded up $0.93 during mid-day trading on Friday, reaching $57.86. The stock had a trading volume of 3,196,948 shares, compared to its average volume of 752,642. The business has a fifty day moving average of $68.98 and a 200 day moving average of $76.57. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 6.59 and a beta of 1.51. Polaris Inc. has a 12 month low of $56.70 and a 12 month high of $100.91.

Polaris (NYSE:PII - Get Free Report) last issued 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 business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company's quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.71 EPS. Equities analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Monday, December 2nd. Polaris's payout ratio is currently 73.74%.

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.