Mutual of America Capital Management LLC Cuts Stake in Polaris Inc. (NYSE:PII)

Mutual of America Capital Management LLC lowered its holdings in Polaris Inc. (NYSE:PII - Free Report) by 71.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,323 shares of the company's stock after selling 71,773 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Polaris worth $2,358,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PII. Venturi Wealth Management LLC grew its stake in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after purchasing an additional 294 shares during the last quarter. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after acquiring an additional 389 shares in the last quarter. Bessemer Group Inc. grew its holdings in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock worth $37,000 after purchasing an additional 235 shares during the period. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Polaris during the 2nd quarter worth about $57,000. Institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

Shares of Polaris stock traded up $1.03 during trading hours on Friday, reaching $67.95. The company had a trading volume of 514,873 shares, compared to its average volume of 693,322. The firm has a market cap of $3.79 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.99 and a beta of 1.52. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business has a fifty day simple moving average of $76.21 and a 200 day simple moving average of $79.17.

Polaris (NYSE:PII - Get Free Report) last announced 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). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company's quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 earnings per share. On average, analysts anticipate 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 given a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.89%. Polaris's dividend payout ratio (DPR) is presently 73.74%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PII shares. StockNews.com lowered Polaris from a "hold" rating to a "sell" rating in a report on Wednesday. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. Robert W. Baird dropped their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. KeyCorp lowered 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. Finally, DA Davidson lowered their target price on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.09.

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.