Oppenheimer Asset Management Inc. Sells 11,223 Shares of Polaris Inc. (NYSE:PII)

Oppenheimer Asset Management Inc. decreased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,080 shares of the company's stock after selling 11,223 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Polaris were worth $756,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock worth $3,643,000 after buying an additional 27,375 shares during the period. Entropy Technologies LP acquired a new position in Polaris during the 3rd quarter worth about $518,000. Venturi Wealth Management LLC lifted its holdings in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after buying an additional 294 shares during the period. Confluence Investment Management LLC lifted its holdings in Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company's stock worth $86,516,000 after buying an additional 6,724 shares during the period. Finally, Keynote Financial Services LLC lifted its holdings in Polaris by 14.3% during the 3rd quarter. Keynote Financial Services LLC now owns 6,094 shares of the company's stock worth $507,000 after buying an additional 761 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 1.3 %

Polaris stock traded down $0.89 during midday trading on Tuesday, reaching $65.81. The stock had a trading volume of 460,953 shares, compared to its average volume of 730,225. Polaris Inc. has a 12 month low of $65.57 and a 12 month high of $100.91. The company has a market capitalization of $3.67 billion, a P/E ratio of 18.38, a PEG ratio of 6.98 and a beta of 1.52. The company has a fifty day moving average price of $76.96 and a two-hundred day moving average price of $79.54. 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 (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS 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 firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm earned $2.71 earnings per share. The business's quarterly revenue was down 23.4% on a year-over-year basis. As a group, equities analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird cut 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. 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 Polaris from $92.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered their price objective on Polaris from $90.00 to $75.00 and set a "market perform" rating for the company in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.