UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Polaris Inc. (NYSE:PII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,062 shares of the company's stock after selling 13,227 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Polaris worth $10,077,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company's stock valued at $30,307,000 after acquiring an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Polaris in the 2nd quarter valued at $15,363,000. RWWM Inc. increased its position in shares of Polaris by 192.3% in the 2nd 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock valued at $46,232,000 after acquiring an additional 171,366 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock valued at $76,994,000 after acquiring an additional 96,194 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock traded up $2.64 during trading on Monday, hitting $66.27. The stock had a trading volume of 1,183,433 shares, compared to its average volume of 734,073. 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 twelve month low of $63.23 and a twelve month high of $100.91. The stock has a market capitalization of $3.70 billion, a P/E ratio of 18.51, a PEG ratio of 6.65 and a beta of 1.51. The company's 50-day moving average price is $72.48 and its two-hundred day moving average price is $77.79.

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

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is 73.74%.

Analyst Ratings Changes

PII has been the topic of several research reports. StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 23rd. KeyCorp cut 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. DA Davidson cut their price target on Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.