123,231 Shares in Polaris Inc. $PII Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,231 shares of the company’s stock, valued at approximately $5,009,000. Nomura Holdings Inc. owned about 0.22% of Polaris at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Polaris by 15.7% in the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after buying an additional 426,482 shares during the last quarter. RWWM Inc. lifted its stake in shares of Polaris by 0.3% during 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 period. AQR Capital Management LLC boosted its holdings in Polaris by 564.8% in the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after acquiring an additional 1,489,157 shares during the last quarter. Select Equity Group L.P. raised its holdings in Polaris by 142.1% during the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Polaris by 44.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,311,659 shares of the company’s stock valued at $53,326,000 after purchasing an additional 404,178 shares during the period. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PII. UBS Group raised their price objective on shares of Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $70.00 price objective on shares of Polaris in a report on Wednesday, October 29th. Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday. Citigroup boosted their target price on Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.25.

Insider Activity

In other Polaris news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $67.53, for a total transaction of $307,531.62. Following the completion of the transaction, the senior vice president owned 43,878 shares of the company’s stock, valued at approximately $2,963,081.34. The trade was a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.12% of the company’s stock.

Polaris Stock Performance

Shares of NYSE PII opened at $68.21 on Tuesday. The stock has a market capitalization of $3.84 billion, a PE ratio of -25.74 and a beta of 1.12. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $75.25. The stock has a 50 day moving average price of $65.78 and a 200 day moving average price of $56.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.36 and a current ratio of 1.02.

Polaris (NYSE:PII) last released its quarterly earnings data on Monday, October 27th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.68 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st. Polaris’s dividend payout ratio is -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.