Polaris Inc. (NYSE:PII) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 93.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,527 shares of the company's stock after purchasing an additional 18,619 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Polaris worth $3,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. grew its position in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares in the last quarter. Quarry LP grew its position in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after buying an additional 253 shares in the last quarter. Signaturefd LLC grew its position in shares of Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after buying an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Polaris in the second quarter valued at approximately $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PII. Royal Bank of Canada lowered their price target on Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded Polaris from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Robert W. Baird lowered their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Finally, DA Davidson lowered their price target on Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of "Hold" and a consensus price target of $87.09.

Polaris Stock Performance

Shares of Polaris stock traded down $0.36 during trading hours on Tuesday, hitting $60.81. 832,640 shares of the company were exchanged, compared to its average volume of 739,883. Polaris Inc. has a 1 year low of $60.08 and a 1 year high of $100.91. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $70.71 and a 200-day moving average of $77.17. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 6.59 and a beta of 1.51.

Polaris (NYSE:PII - Get Free Report) last released 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). The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company's revenue was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. As a group, analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was 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.