Commerce Bank Has $254,000 Holdings in Polaris Inc. (NYSE:PII)

Commerce Bank lessened its position in Polaris Inc. (NYSE:PII) by 64.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,050 shares of the company’s stock after selling 5,589 shares during the period. Commerce Bank’s holdings in Polaris were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Polaris in the third quarter valued at approximately $1,478,000. Caprock Group LLC bought a new position in shares of Polaris in the third quarter valued at approximately $319,000. Claro Advisors LLC lifted its holdings in shares of Polaris by 3.3% in the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after purchasing an additional 254 shares in the last quarter. RIA Advisory Group LLC bought a new position in shares of Polaris in the third quarter valued at approximately $387,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Polaris by 25.7% in the third quarter. Natixis Advisors LLC now owns 23,660 shares of the company’s stock valued at $1,969,000 after purchasing an additional 4,831 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. DA Davidson dropped their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Stock Performance

Shares of PII opened at $68.25 on Thursday. The firm has a market cap of $3.81 billion, a PE ratio of 19.06, a PEG ratio of 7.44 and a beta of 1.52. The stock’s fifty day moving average price is $75.62 and its two-hundred day moving average price is $78.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.71 earnings per share. On average, equities research analysts forecast that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.