Barclays PLC Has $3.23 Million Holdings in Polaris Inc. (NYSE:PII)

Barclays PLC decreased its holdings in shares of Polaris Inc. (NYSE:PII) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,805 shares of the company’s stock after selling 6,456 shares during the quarter. Barclays PLC owned 0.07% of Polaris worth $3,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its position in Polaris by 8.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the company’s stock worth $1,203,000 after purchasing an additional 1,186 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Polaris during the second quarter worth $143,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Polaris by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,201 shares of the company’s stock valued at $955,000 after acquiring an additional 1,366 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Polaris during the 2nd quarter valued at $587,000. Finally, Signaturefd LLC grew its position in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PII shares. Robert W. Baird dropped 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. KeyCorp cut their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada decreased their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, DA Davidson decreased their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Performance

PII stock opened at $56.74 on Tuesday. The firm has a market cap of $3.16 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 6.59 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $68.48 and a 200-day moving average price of $76.37. Polaris Inc. has a 1-year low of $55.99 and a 1-year high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, equities research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s 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.