Brown Advisory Inc. Sells 518,865 Shares of Polaris Inc. (NYSE:PII)

Brown Advisory Inc. lowered its stake in Polaris Inc. (NYSE:PII) by 98.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,163 shares of the company’s stock after selling 518,865 shares during the quarter. Brown Advisory Inc.’s holdings in Polaris were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. ARGA Investment Management LP boosted its stake in Polaris by 11.5% in the 1st quarter. ARGA Investment Management LP now owns 39,203 shares of the company’s stock worth $1,605,000 after purchasing an additional 4,041 shares during the period. D.A. Davidson & CO. bought a new position in Polaris in the 1st quarter worth about $485,000. Principal Financial Group Inc. boosted its stake in Polaris by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 120,572 shares of the company’s stock worth $4,936,000 after purchasing an additional 423 shares during the period. Teacher Retirement System of Texas bought a new position in Polaris in the 1st quarter worth about $317,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Polaris in the 1st quarter valued at about $283,000. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup reaffirmed a “sell” rating and issued a $27.00 price target (up previously from $23.00) on shares of Polaris in a report on Monday, June 16th. Royal Bank Of Canada lowered their price target on Polaris from $54.00 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut Polaris from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Baird R W cut Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Robert W. Baird raised their price target on Polaris from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.00.

Polaris Stock Performance

Shares of NYSE PII opened at $46.85 on Thursday. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 65.07 and a beta of 1.05. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $88.00. The stock’s 50-day moving average is $41.57 and its 200 day moving average is $43.23.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.01. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. Polaris’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. On average, sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.67 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 5.72%. Polaris’s payout ratio is currently 372.22%.

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.