Swiss National Bank Has $13.34 Million Stake in Polaris Inc. (NYSE:PII)

Swiss National Bank trimmed its holdings in shares of Polaris Inc. (NYSE:PIIGet Rating) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,400 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned about 0.23% of Polaris worth $13,343,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PII. Kestra Advisory Services LLC increased its position in Polaris by 7.0% during the first quarter. Kestra Advisory Services LLC now owns 2,790 shares of the company’s stock worth $294,000 after buying an additional 182 shares during the last quarter. Park Avenue Securities LLC increased its position in Polaris by 16.7% during the first quarter. Park Avenue Securities LLC now owns 3,957 shares of the company’s stock worth $417,000 after buying an additional 566 shares during the last quarter. Whittier Trust Co. increased its position in Polaris by 28.6% during the first quarter. Whittier Trust Co. now owns 900 shares of the company’s stock worth $95,000 after buying an additional 200 shares during the last quarter. Signaturefd LLC increased its position in Polaris by 60.9% during the first quarter. Signaturefd LLC now owns 637 shares of the company’s stock worth $67,000 after buying an additional 241 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Polaris by 2.0% during the first quarter. Mutual of America Capital Management LLC now owns 52,014 shares of the company’s stock worth $5,478,000 after buying an additional 1,001 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PII shares. DA Davidson decreased their price target on shares of Polaris from $101.00 to $90.00 in a report on Wednesday, October 26th. Citigroup cut shares of Polaris from a “buy” rating to a “neutral” rating and decreased their price target for the company from $131.00 to $101.00 in a report on Wednesday, October 19th. Raymond James decreased their price target on shares of Polaris from $137.00 to $123.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 26th. StockNews.com upgraded shares of Polaris from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Polaris from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, October 6th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.44.

Polaris Stock Up 0.4 %

NYSE PII opened at $110.45 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.41 and a current ratio of 1.28. The firm has a 50-day simple moving average of $102.88 and a 200 day simple moving average of $106.97. Polaris Inc. has a twelve month low of $91.86 and a twelve month high of $127.37. The stock has a market cap of $6.40 billion, a PE ratio of 19.87 and a beta of 1.52.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 30th. Polaris’s dividend payout ratio is 46.04%.

About Polaris

(Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. 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; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

Recommended Stories

Institutional Ownership by Quarter for Polaris (NYSE:PII)

Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.