Polaris Inc. (NYSE:PII) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 8,867.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,938 shares of the company's stock after buying an additional 63,225 shares during the quarter. Benjamin Edwards Inc. owned 0.11% of Polaris worth $5,322,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its position in shares of Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after buying an additional 294 shares during 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 boosted its stake in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after purchasing an additional 618 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Polaris during the 2nd quarter worth $57,000. Finally, National Bank of Canada FI lifted 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 worth $69,000 after acquiring an additional 200 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PII shares. StockNews.com upgraded shares of Polaris from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. DA Davidson reduced their target price on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. 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, October 23rd. Royal Bank of Canada reduced their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 23rd. Finally, Robert W. Baird reduced their target price on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $87.09.

Polaris Price Performance

NYSE:PII traded down $1.90 during mid-day trading on Wednesday, hitting $65.53. 931,561 shares of the company's stock traded hands, compared to its average volume of 730,028. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The firm's 50 day simple moving average is $74.02 and its 200 day simple moving average is $78.29. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91. The company has a market cap of $3.65 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 7.09 and a beta of 1.51.

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

Polaris Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.03%. 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.