Canada Pension Plan Investment Board Raises Stake in Polaris Inc. (NYSE:PII)

Canada Pension Plan Investment Board grew its holdings in Polaris Inc. (NYSE:PII) by 390.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,900 shares of the company’s stock after buying an additional 3,900 shares during the period. Canada Pension Plan Investment Board’s holdings in Polaris were worth $593,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Money Concepts Capital Corp lifted its stake in shares of Polaris by 89.1% in the 4th quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after purchasing an additional 147 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Polaris by 30.4% in the 2nd quarter. IFP Advisors Inc now owns 395 shares of the company’s stock valued at $33,000 after purchasing an additional 92 shares during the last quarter. Ten Capital Wealth Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at $46,000. Brown Brothers Harriman & Co. acquired a new position in shares of Polaris in the 1st quarter valued at $47,000. Finally, Orion Capital Management LLC acquired a new position in shares of Polaris in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of several research reports. KeyCorp decreased their target price on Polaris from $145.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. TheStreet lowered Polaris from a “b-” rating to a “c+” rating in a research note on Thursday, November 2nd. BMO Capital Markets increased their target price on Polaris from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 26th. Royal Bank of Canada decreased their target price on Polaris from $121.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 25th. Finally, Robert W. Baird decreased their target price on Polaris from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 4th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.77.

Polaris Trading Down 0.7 %

PII opened at $91.55 on Tuesday. Polaris Inc. has a one year low of $84.15 and a one year high of $138.49. The company has a market cap of $5.17 billion, a P/E ratio of 8.95 and a beta of 1.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.41 and a current ratio of 1.25. The business’s 50-day simple moving average is $96.16 and its 200-day simple moving average is $110.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $2.71 EPS for the quarter, meeting analysts’ consensus estimates of $2.71. Polaris had a return on equity of 51.02% and a net margin of 6.57%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business posted $3.25 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts expect that Polaris Inc. will post 9.78 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.60 dividend on an annualized basis and a yield of 2.84%. Polaris’s dividend payout ratio is presently 25.42%.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles worldwide. 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; moto-roadsters, quadricycles, and boats; and aftermarket parts and apparel.