Kiltearn Partners LLP Purchases 92,300 Shares of Polaris Inc. (NYSE:PII)

Kiltearn Partners LLP boosted its position in Polaris Inc. (NYSE:PII - Free Report) by 147.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,700 shares of the company's stock after purchasing an additional 92,300 shares during the period. Polaris comprises approximately 1.8% of Kiltearn Partners LLP's portfolio, making the stock its 23rd biggest holding. Kiltearn Partners LLP owned 0.28% of Polaris worth $12,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its position in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company's stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Polaris in the second quarter worth about $15,363,000. RWWM Inc. grew its stake in Polaris by 192.3% during the second quarter. RWWM Inc. now owns 272,452 shares of the company's stock valued at $21,334,000 after acquiring an additional 179,244 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after acquiring an additional 171,366 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock worth $76,994,000 after acquiring an additional 96,194 shares during the period. 88.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PII shares. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 23rd. KeyCorp decreased their target price on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Finally, DA Davidson dropped their target price on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $87.09.

Polaris Trading Up 1.8 %

Polaris stock traded up $1.22 during trading hours on Wednesday, reaching $68.73. The company had a trading volume of 437,544 shares, compared to its average volume of 729,796. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris Inc. has a 12-month low of $64.56 and a 12-month high of $100.91. The company has a 50-day moving average price of $75.62 and a 200 day moving average price of $78.92. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 7.44 and a beta of 1.52.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris's revenue was down 23.4% on a year-over-year basis. During the same period last year, the business earned $2.71 EPS. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm 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 $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is currently 73.74%.

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.