Principal Financial Group Inc. Has $10.10 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Principal Financial Group Inc. reduced its stake in Polaris Inc. (NYSE:PII - Free Report) by 31.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,360 shares of the company's stock after selling 55,404 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Polaris worth $10,102,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PII. State Board of Administration of Florida Retirement System lifted its holdings in Polaris by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company's stock worth $6,616,000 after acquiring an additional 11,009 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Polaris by 3.3% during the first quarter. Orion Portfolio Solutions LLC now owns 14,183 shares of the company's stock valued at $1,420,000 after buying an additional 451 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company's stock valued at $590,924,000 after buying an additional 94,680 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock valued at $37,000 after buying an additional 235 shares during the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of Polaris by 25.8% during the first quarter. Capital International Inc. CA now owns 7,878 shares of the company's stock valued at $789,000 after buying an additional 1,615 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PII shares. StockNews.com upgraded shares of Polaris from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Longbow Research reissued a "neutral" rating on shares of Polaris in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. Roth Mkm dropped their target price on shares of Polaris from $92.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Finally, Robert W. Baird dropped their price objective on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $87.09.

Polaris Stock Down 1.1 %

Shares of PII stock traded down $0.74 during trading hours on Tuesday, hitting $65.96. 158,325 shares of the company were exchanged, compared to its average volume of 728,874. The business has a 50 day moving average of $77.21 and a two-hundred day moving average of $79.67. 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 52 week low of $65.67 and a 52 week high of $100.91. The company has a market capitalization of $3.68 billion, a PE ratio of 18.61, a PEG ratio of 6.98 and a beta of 1.52.

Polaris (NYSE:PII - Get Free Report) last issued 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 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 EPS. The firm's revenue was down 23.4% on a year-over-year basis. Analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared 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 4.00%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

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.