Inspire Investing LLC Has $409,000 Stake in Polaris Inc. (NYSE:PII)

Inspire Investing LLC decreased its position in Polaris Inc. (NYSE:PII - Free Report) by 80.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,917 shares of the company's stock after selling 19,840 shares during the period. Inspire Investing LLC's holdings in Polaris were worth $409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JLB & Associates Inc. raised its stake in shares of Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company's stock worth $1,917,000 after buying an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Polaris by 14.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company's stock valued at $133,000 after purchasing an additional 169 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company's stock worth $586,000 after purchasing an additional 172 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company's stock worth $1,262,000 after purchasing an additional 187 shares during the period. Finally, Isthmus Partners LLC increased its holdings in Polaris by 5.0% in the second quarter. Isthmus Partners LLC now owns 4,011 shares of the company's stock valued at $314,000 after purchasing an additional 190 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Down 0.1 %

NYSE PII traded down $0.05 during trading on Friday, hitting $82.55. The stock had a trading volume of 404,371 shares, compared to its average volume of 715,065. The company has a market capitalization of $4.67 billion, a PE ratio of 12.10, a P/E/G ratio of 7.22 and a beta of 1.51. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $100.91. The company's 50-day moving average price is $82.40 and its two-hundred day moving average price is $82.62. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company posted $2.42 EPS. The business's revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris's dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PII. Royal Bank of Canada decreased their target price on Polaris from $97.00 to $82.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets lowered their target price on shares of Polaris from $90.00 to $75.00 and set a "market perform" rating for the company in a research note on Wednesday, July 24th. Longbow Research reissued a "neutral" rating on shares of Polaris in a research report on Wednesday, July 24th. Roth Mkm lowered their price objective on shares of Polaris from $92.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. Finally, DA Davidson upgraded Polaris from a "neutral" rating to a "buy" rating and set a $87.00 target price on the stock in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Polaris presently has an average rating of "Hold" and a consensus price target of $89.18.

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.