Polaris Inc. (NYSE:PII) Position Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Polaris Inc. (NYSE:PII) by 14.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,846 shares of the company’s stock after selling 1,941 shares during the period. PNC Financial Services Group Inc.’s holdings in Polaris were worth $986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JLB & Associates Inc. grew its stake in Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock worth $1,917,000 after purchasing an additional 120 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock worth $586,000 after acquiring an additional 172 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Polaris by 1.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after acquiring an additional 187 shares during the last quarter. Isthmus Partners LLC raised its position in shares of Polaris by 5.0% during the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after acquiring an additional 190 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of NYSE PII opened at $68.25 on Thursday. Polaris Inc. has a 12-month low of $64.56 and a 12-month high of $100.91. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.81 billion, a PE ratio of 19.06, a P/E/G ratio of 7.44 and a beta of 1.52. The stock has a 50 day simple moving average of $75.62 and a 200-day simple moving average of $78.92.

Polaris (NYSE:PII) last released its quarterly 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 business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. On average, equities research analysts forecast that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

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

Wall Street Analysts Forecast Growth

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