Polaris Inc. (NYSE:PII) Shares Purchased by Fmr LLC

Fmr LLC boosted its position in shares of Polaris Inc. (NYSE:PII) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,665 shares of the company’s stock after purchasing an additional 24,103 shares during the quarter. Fmr LLC owned approximately 0.24% of Polaris worth $11,126,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in Polaris by 0.7% in the third 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. Dimensional Fund Advisors LP grew its position in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares during the period. Finally, American Century Companies Inc. lifted its position in Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after buying an additional 292,992 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the topic of a number of recent research reports. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday. KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird reduced 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. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, DA Davidson reduced their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Down 1.3 %

NYSE:PII opened at $65.16 on Thursday. 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 company’s 50 day moving average is $71.81 and its 200-day moving average is $77.59. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 6.65 and a beta of 1.51. Polaris Inc. has a 12 month low of $63.23 and a 12 month high of $100.91.

Polaris (NYSE:PII) last issued 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). The business had revenue of $1.72 billion during 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%. The business’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 earnings per share. Equities analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is 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.