Charles Schwab Investment Management Inc. Purchases 171,366 Shares of Polaris Inc. (NYSE:PII)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 44.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,410 shares of the company's stock after buying an additional 171,366 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Polaris worth $46,232,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PII. Venturi Wealth Management LLC increased its holdings in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. grew its position 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 last quarter. Signaturefd LLC grew its position 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 last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Polaris in the 2nd quarter valued at about $57,000. Finally, National Bank of Canada FI grew its position 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PII. StockNews.com upgraded Polaris from a "sell" rating to a "hold" rating in a research report on Thursday. KeyCorp cut their target price on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. DA Davidson dropped their price objective on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird reduced their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $87.09.

Polaris Stock Down 0.7 %

Polaris stock traded down $0.50 during midday trading on Monday, hitting $67.84. 601,926 shares of the stock were exchanged, compared to its average volume of 729,326. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 7.21 and a beta of 1.52. The business's 50-day moving average price is $74.66 and its 200-day moving average price is $78.52. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

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 company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm's revenue was down 23.4% on a year-over-year basis. On average, research analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio (DPR) 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.