Entropy Technologies LP Acquires Shares of 6,220 Polaris Inc. (NYSE:PII)

Entropy Technologies LP bought a new position in Polaris Inc. (NYSE:PII) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,220 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in Polaris by 534.5% during 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 in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 389 shares in the last quarter. Bessemer Group Inc. increased its position in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. Signaturefd LLC raised its stake in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Polaris during the second quarter valued at $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Down 0.5 %

NYSE:PII opened at $66.84 on Friday. The stock has a fifty day simple moving average of $77.45 and a 200-day simple moving average of $79.85. 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 $3.73 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 7.05 and a beta of 1.52. Polaris Inc. has a twelve month low of $66.06 and a twelve month high of $100.91.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion for 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 company’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.71 EPS. Analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.95%. Polaris’s dividend payout ratio (DPR) is currently 73.74%.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of research reports. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada lowered their price objective 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. Bank of America cut their target price on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird lowered their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Roth Mkm cut their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.