Polaris Inc. (NYSE:PII) Shares Purchased by Quarry LP

Quarry LP grew its holdings in shares of Polaris Inc. (NYSE:PII) by 187.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 388 shares of the company’s stock after purchasing an additional 253 shares during the quarter. Quarry LP’s holdings in Polaris were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kiltearn Partners LLP increased its stake in shares of Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after acquiring an additional 92,300 shares during the last quarter. Victory Capital Management Inc. increased its position in Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after purchasing an additional 27,375 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Polaris by 8,867.5% during the third quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after purchasing an additional 63,225 shares during the period. ARGA Investment Management LP boosted its holdings in shares of Polaris by 42.8% in the 3rd quarter. ARGA Investment Management LP now owns 35,162 shares of the company’s stock valued at $2,927,000 after purchasing an additional 10,539 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. acquired a new stake in shares of Polaris during the 2nd quarter worth $757,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PII shares. Robert W. Baird dropped their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped 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. DA Davidson lowered their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Performance

Polaris stock opened at $65.16 on Thursday. Polaris Inc. has a 52 week low of $63.23 and a 52 week 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 stock has a market cap of $3.63 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 6.65 and a beta of 1.51. The stock has a 50 day moving average of $71.81 and a 200-day moving average of $77.59.

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

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.05%. Polaris’s dividend payout ratio (DPR) is 73.74%.

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.