Polaris Inc. (NYSE:PII) Stock Position Decreased by Southernsun Asset Management LLC

Southernsun Asset Management LLC lowered its stake in Polaris Inc. (NYSE:PII - Free Report) by 31.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,969 shares of the company's stock after selling 106,340 shares during the quarter. Polaris comprises 2.3% of Southernsun Asset Management LLC's portfolio, making the stock its 19th largest position. Southernsun Asset Management LLC owned about 0.42% of Polaris worth $19,309,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PII. Venturi Wealth Management LLC increased 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 purchasing an additional 294 shares during the last quarter. Blue Trust Inc. raised its holdings 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 in the last quarter. Quarry LP boosted its stake in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares during the last quarter. Signaturefd LLC grew its holdings 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 acquiring an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Polaris in the 2nd quarter worth about $57,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock traded up $0.23 during trading on Friday, hitting $63.91. The company had a trading volume of 306,921 shares, compared to its average volume of 730,016. The business has a 50 day moving average of $73.24 and a 200 day moving average of $78.10. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 7.05 and a beta of 1.51. 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 Inc. has a fifty-two week low of $63.45 and a fifty-two week high of $100.91.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly 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 return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $2.71 earnings per share. The company's revenue was down 23.4% on a year-over-year basis. As a group, research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 4.13%. Polaris's dividend payout ratio (DPR) is 73.74%.

Analyst Upgrades and Downgrades

PII has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 23rd. StockNews.com upgraded Polaris from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird decreased their price objective on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, DA Davidson lowered 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. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.09.

Polaris Company 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.