Mutual of America Capital Management LLC Trims Stock Position in Polaris Inc. (NYSE:PII)

Mutual of America Capital Management LLC trimmed its holdings in Polaris Inc. (NYSE:PII) by 71.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,323 shares of the company’s stock after selling 71,773 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Polaris were worth $2,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in shares of Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the period. Bessemer Group Inc. raised its position in Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after acquiring an additional 235 shares in the last quarter. Blue Trust Inc. lifted its holdings in Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares during the period. Signaturefd LLC boosted its position in Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Polaris during the 2nd quarter worth approximately $57,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

Shares of Polaris stock opened at $67.95 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business has a 50 day simple moving average of $76.21 and a two-hundred day simple moving average of $79.20. The stock has a market capitalization of $3.79 billion, a P/E ratio of 18.98, a PEG ratio of 6.99 and a beta of 1.52. Polaris Inc. has a 12 month low of $64.56 and a 12 month high of $100.91.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $2.71 earnings per share. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.89%. Polaris’s payout ratio is presently 73.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson lowered their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $87.09.

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.