31,735 Shares in Polaris Inc. $PII Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,735 shares of the company’s stock, valued at approximately $1,290,000. Advisors Asset Management Inc. owned 0.06% of Polaris as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PII. State of Michigan Retirement System increased its position in shares of Polaris by 2.4% in the 2nd quarter. State of Michigan Retirement System now owns 12,679 shares of the company’s stock valued at $515,000 after buying an additional 300 shares in the last quarter. Koss Olinger Consulting LLC lifted its holdings in Polaris by 0.8% during the second quarter. Koss Olinger Consulting LLC now owns 40,667 shares of the company’s stock worth $1,653,000 after acquiring an additional 304 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Polaris by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 8,064 shares of the company’s stock valued at $328,000 after acquiring an additional 318 shares during the period. Fifth Third Bancorp increased its holdings in shares of Polaris by 39.9% in the second quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock worth $57,000 after acquiring an additional 397 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Polaris by 22.5% in the second quarter. IFP Advisors Inc now owns 2,339 shares of the company’s stock worth $96,000 after acquiring an additional 430 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PII shares. Citigroup boosted their price objective on Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price target on shares of Polaris in a research note on Wednesday, October 29th. UBS Group increased their price objective on shares of Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on shares of Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.25.

Polaris Stock Performance

Shares of PII stock opened at $66.36 on Monday. The company’s fifty day simple moving average is $64.09 and its 200-day simple moving average is $54.07. 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 has a market cap of $3.73 billion, a PE ratio of -25.04 and a beta of 1.09. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $75.25.

Polaris (NYSE:PII) last issued 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.73 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 4.0%. The ex-dividend date is Monday, December 1st. Polaris’s dividend payout ratio (DPR) is currently -101.13%.

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.