B. Metzler seel. Sohn & Co. Holding AG Takes Position in Polaris Inc. (NYSE:PII)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Polaris Inc. (NYSE:PII) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,751 shares of the company’s stock, valued at approximately $1,478,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Polaris by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after buying an additional 94,680 shares during the period. Tidal Investments LLC purchased a new position in shares of Polaris during the 1st quarter worth approximately $1,065,000. Savoir Faire Capital Management L.P. acquired a new stake in Polaris in the 2nd quarter valued at approximately $757,000. Dimensional Fund Advisors LP raised its position in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Polaris during the second quarter worth $1,211,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Trading Up 1.5 %

PII opened at $67.95 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The company has a market cap of $3.79 billion, a P/E ratio of 18.98, a PEG ratio of 6.88 and a beta of 1.52. The business’s 50-day simple moving average is $76.48 and its 200-day simple moving average is $79.36.

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

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 3.89%. Polaris’s dividend payout ratio is presently 73.74%.

Wall Street Analyst Weigh In

PII has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday. 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 note on Wednesday, October 23rd. DA Davidson cut 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. Finally, KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.09.

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.