River Road Asset Management LLC Sells 127,117 Shares of Polaris Inc. (NYSE:PII)

River Road Asset Management LLC lessened its holdings in Polaris Inc. (NYSE:PII - Free Report) by 23.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 416,520 shares of the company's stock after selling 127,117 shares during the quarter. River Road Asset Management LLC owned approximately 0.75% of Polaris worth $34,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% in 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 last quarter. Bessemer Group Inc. increased its holdings in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Signaturefd LLC boosted its holdings in Polaris by 1,931.3% during 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. Abich Financial Wealth Management LLC acquired a new position in shares of Polaris during the 2nd quarter worth about $57,000. Finally, National Bank of Canada FI increased its stake in shares of Polaris by 27.9% in the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company's stock valued at $69,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Up 0.6 %

Shares of PII traded up $0.45 during mid-day trading on Tuesday, hitting $71.29. 504,212 shares of the company's stock were exchanged, compared to its average volume of 729,532. The company has a 50-day simple moving average of $80.06 and a 200 day simple moving average of $80.86. 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 company has a market cap of $3.98 billion, a PE ratio of 19.79, a P/E/G ratio of 7.36 and a beta of 1.52. 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 released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $2.71 EPS. The firm's revenue for the quarter was down 23.4% on a year-over-year basis. On average, research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.70%. Polaris's dividend payout ratio (DPR) is presently 73.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PII shares. DA Davidson decreased their price objective 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. KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Bank of America dropped their price objective on Polaris from $86.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 24th. Citigroup reduced their target price on Polaris from $86.00 to $83.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Finally, Roth Mkm lowered their price target on Polaris from $92.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $87.09.

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.