Hotchkis & Wiley Capital Management LLC Makes New $12.67 Million Investment in Polaris Inc. (NYSE:PII)

Hotchkis & Wiley Capital Management LLC bought a new position in Polaris Inc. (NYSE:PII - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 152,208 shares of the company's stock, valued at approximately $12,670,000. Hotchkis & Wiley Capital Management LLC owned 0.27% of Polaris as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in 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 acquiring an additional 294 shares during the period. Blue Trust Inc. raised its holdings in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after acquiring an additional 389 shares during the period. Signaturefd LLC raised its holdings in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after acquiring an additional 618 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Polaris during the second quarter valued at about $57,000. Finally, National Bank of Canada FI grew its position in shares of Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company's stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Trading Down 2.8 %

Shares of Polaris stock traded down $1.90 on Wednesday, hitting $65.53. 931,561 shares of the company traded hands, compared to its average volume of 730,028. The stock's 50 day moving average price is $74.02 and its 200-day moving average price is $78.29. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91. The company has a market cap of $3.65 billion, a PE ratio of 18.84, a PEG ratio of 7.09 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share 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 in the prior year, the firm posted $2.71 EPS. The business's revenue was down 23.4% on a year-over-year basis. Equities research analysts predict that Polaris Inc. will post 3.22 EPS for the current 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 paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is 73.74%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PII shares. Royal Bank of Canada cut their price objective on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 23rd. DA Davidson cut their price objective on Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Robert W. Baird cut their price objective 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 research report on Thursday, November 28th. Finally, KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Polaris has a consensus rating of "Hold" and an average price target 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.