Weiss Asset Management LP acquired a new position in Polaris Inc. (NYSE:PII - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 130,275 shares of the company's stock, valued at approximately $10,844,000. Weiss Asset Management LP owned approximately 0.23% of Polaris at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. JLB & Associates Inc. raised its stake in shares of Polaris by 0.5% in the 2nd quarter. JLB & Associates Inc. now owns 24,476 shares of the company's stock valued at $1,917,000 after purchasing an additional 120 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company's stock valued at $586,000 after purchasing an additional 172 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Polaris by 1.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company's stock valued at $1,262,000 after purchasing an additional 187 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Polaris by 5.0% in the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company's stock valued at $314,000 after purchasing an additional 190 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Polaris by 27.9% in the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company's stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.
Polaris Stock Performance
NYSE PII traded down $0.10 during midday trading on Friday, hitting $63.58. The company had a trading volume of 579,057 shares, compared to its average volume of 731,064. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 7.05 and a beta of 1.51. The firm has a fifty day simple moving average of $73.24 and a two-hundred day simple moving average of $78.10. Polaris Inc. has a fifty-two week low of $63.23 and a fifty-two week high of $100.91.
Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris's revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.71 earnings per share. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.
Polaris Dividend Announcement
The business 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 dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 4.15%. Polaris's dividend payout ratio (DPR) is currently 73.74%.
Analyst Ratings Changes
PII has been the topic of a number of recent analyst reports. Robert W. Baird cut their target price on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. DA Davidson dropped their price objective on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. StockNews.com upgraded shares of Polaris from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Royal Bank of Canada dropped their price objective on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 23rd. Finally, KeyCorp dropped their price objective on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and an average target price of $87.09.
Read Our Latest Research Report on Polaris
About Polaris
(
Free Report)
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.
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