Systematic Financial Management LP Boosts Stake in Polaris Inc. (NYSE:PII)

Systematic Financial Management LP raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,565 shares of the company's stock after buying an additional 20,695 shares during the quarter. Systematic Financial Management LP owned 0.41% of Polaris worth $19,109,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PII. Price T Rowe Associates Inc. MD lifted its position in Polaris by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company's stock valued at $3,149,000 after purchasing an additional 929 shares during the period. Cetera Advisors LLC bought a new position in shares of Polaris in the first quarter worth $506,000. Linden Thomas Advisory Services LLC raised its stake in Polaris by 2.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company's stock worth $586,000 after acquiring an additional 172 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Polaris by 20.3% during the second quarter. Capital Investment Advisors LLC now owns 3,946 shares of the company's stock worth $309,000 after acquiring an additional 667 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in Polaris by 3.5% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 9,016 shares of the company's stock worth $706,000 after acquiring an additional 301 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Trading Down 2.8 %

Polaris stock traded down $1.86 during trading hours on Thursday, reaching $63.68. The company had a trading volume of 1,159,448 shares, compared to its average volume of 730,987. 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 12-month low of $63.45 and a 12-month high of $100.91. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 7.05 and a beta of 1.51. The company has a 50-day moving average price of $73.66 and a 200 day moving average price of $78.20.

Polaris (NYSE:PII - Get Free Report) last released its quarterly 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $2.71 earnings per share. The company's revenue for the quarter was down 23.4% compared to the same quarter last year. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

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