American Century Companies Inc. Acquires 100,624 Shares of Polaris Inc. $PII

American Century Companies Inc. grew its holdings in shares of Polaris Inc. (NYSE:PII) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,168,100 shares of the company’s stock after acquiring an additional 100,624 shares during the quarter. American Century Companies Inc. owned about 2.08% of Polaris worth $47,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in Polaris by 371.4% in the second quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock valued at $28,000 after purchasing an additional 546 shares in the last quarter. EMC Capital Management purchased a new position in Polaris in the 2nd quarter worth approximately $36,000. Huntington National Bank increased its holdings in shares of Polaris by 218.0% in the 2nd quarter. Huntington National Bank now owns 1,062 shares of the company’s stock worth $43,000 after buying an additional 728 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Polaris by 39.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock valued at $57,000 after buying an additional 397 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Polaris by 79.0% during the 2nd quarter. UMB Bank n.a. now owns 1,441 shares of the company’s stock worth $59,000 after acquiring an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PII shares. Robert W. Baird upped their price objective on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. UBS Group boosted their target price on Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Citigroup increased their price target on shares of Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Loop Capital started coverage on shares of Polaris in a report on Thursday, November 13th. They set a “hold” rating and a $59.00 target price on the stock. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $70.00 price target on shares of Polaris in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Polaris has an average rating of “Hold” and a consensus target price of $55.25.

Polaris Stock Performance

NYSE:PII opened at $66.36 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $64.09 and its 200 day simple moving average is $53.86. The stock has a market cap of $3.73 billion, a P/E ratio of -25.04 and a beta of 1.09. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $75.25.

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

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, December 1st. Polaris’s dividend payout ratio (DPR) is presently -101.13%.

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.