Raymond James & Associates Has $32.45 Million Holdings in Polaris Inc. (NYSE:PII)

Raymond James & Associates decreased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 389,868 shares of the company's stock after selling 15,709 shares during the period. Raymond James & Associates owned approximately 0.70% of Polaris worth $32,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. New England Capital Financial Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at $25,000. Blue Trust Inc. grew its holdings in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after buying an additional 389 shares during the period. Bessemer Group Inc. grew its holdings in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company's stock valued at $37,000 after buying an additional 235 shares during the period. Signaturefd LLC grew its holdings in shares of Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after buying an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Polaris in the 2nd quarter valued at $57,000. Institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PII shares. Bank of America decreased their price target on shares of Polaris from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Roth Mkm reduced their target price on shares of Polaris from $92.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday. KeyCorp reduced their target price on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Longbow Research reaffirmed a "neutral" rating on shares of Polaris in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Polaris currently has an average rating of "Hold" and a consensus price target of $87.09.

Polaris Stock Up 1.6 %

NYSE:PII traded up $1.10 on Thursday, hitting $70.78. 829,341 shares of the company's stock were exchanged, compared to its average volume of 731,818. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.40. The firm has a 50-day moving average price of $81.81 and a 200-day moving average price of $81.96. The company has a market cap of $3.95 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 7.48 and a beta of 1.51. Polaris Inc. has a 52 week low of $68.59 and a 52 week high of $100.91.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $2.71 earnings per share. The company's revenue for the quarter was down 23.4% on a year-over-year basis. As a group, analysts expect that Polaris Inc. will post 3.25 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.73%. Polaris's dividend payout ratio is presently 73.74%.

About Polaris

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.