Polaris Inc. $PII Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its stake in Polaris Inc. (NYSE:PII) by 577.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,193 shares of the company’s stock after purchasing an additional 6,983 shares during the quarter. Allworth Financial LP’s holdings in Polaris were worth $333,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PII. RWWM Inc. boosted its holdings in Polaris by 0.3% in the second quarter. RWWM Inc. now owns 2,401,477 shares of the company’s stock valued at $97,620,000 after acquiring an additional 6,428 shares during the last quarter. Select Equity Group L.P. increased its stake in Polaris by 142.1% during the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after acquiring an additional 951,195 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Polaris by 51.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,151,301 shares of the company’s stock worth $46,800,000 after purchasing an additional 391,209 shares during the period. ProShare Advisors LLC lifted its stake in shares of Polaris by 98.0% in the 2nd quarter. ProShare Advisors LLC now owns 1,119,487 shares of the company’s stock valued at $45,507,000 after purchasing an additional 553,964 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Polaris by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,067,476 shares of the company’s stock valued at $43,702,000 after purchasing an additional 71,604 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

Shares of PII opened at $64.44 on Monday. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $75.25. The company has a current ratio of 1.02, a quick ratio of 0.37 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -24.32 and a beta of 1.09. The stock has a 50 day moving average of $62.88 and a 200-day moving average of $52.08.

Polaris (NYSE:PII) last posted its earnings results on Monday, October 27th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.68 annualized dividend and a dividend yield of 4.2%. Polaris’s payout ratio is -101.13%.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of research reports. Loop Capital began coverage on shares of Polaris in a research report on Thursday. They set a “hold” rating and a $59.00 price target for the company. Royal Bank Of Canada increased their target price on Polaris from $56.00 to $67.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. Robert W. Baird boosted their price target on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Citigroup upped their price target on Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, UBS Group increased their price objective on shares of Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.25.

Polaris 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.