Polaris Inc. (NYSE:PII) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 167.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,762 shares of the company's stock after purchasing an additional 27,375 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Polaris worth $3,643,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PII. Entropy Technologies LP purchased a new stake in shares of Polaris in the third quarter valued at about $518,000. Venturi Wealth Management LLC raised its stake in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after acquiring an additional 294 shares during the last quarter. Confluence Investment Management LLC raised its stake in Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company's stock valued at $86,516,000 after acquiring an additional 6,724 shares during the last quarter. Keynote Financial Services LLC lifted its position in Polaris by 14.3% during the 3rd quarter. Keynote Financial Services LLC now owns 6,094 shares of the company's stock worth $507,000 after acquiring an additional 761 shares during the period. Finally, Radnor Capital Management LLC purchased a new position in shares of Polaris in the 3rd quarter valued at approximately $274,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Up 1.5 %

NYSE PII traded up $1.03 during mid-day trading on Friday, reaching $67.95. 514,873 shares of the stock were exchanged, compared to its average volume of 693,322. The stock has a market capitalization of $3.79 billion, a PE ratio of 18.98, a PEG ratio of 6.99 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris Inc. has a 1-year low of $64.56 and a 1-year high of $100.91. The business's fifty day simple moving average is $76.21 and its 200 day simple moving average is $79.17.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business's revenue was down 23.4% compared to the same quarter last year. On average, research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is presently 73.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PII shares. Robert W. Baird cut their price target on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. DA Davidson cut their price objective on shares of Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. Finally, KeyCorp lowered their price objective on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.