Polaris Inc. (NYSE:PII) Position Lifted by Claro Advisors LLC

Claro Advisors LLC raised its stake in shares of Polaris Inc. (NYSE:PII) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,881 shares of the company’s stock after acquiring an additional 254 shares during the quarter. Claro Advisors LLC’s holdings in Polaris were worth $656,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Polaris by 1.6% in the 1st 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 last quarter. Confluence Investment Management LLC lifted its position in shares of Polaris by 0.7% in the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after buying an additional 6,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after buying an additional 96,194 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Polaris by 11.1% in the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after buying an additional 35,952 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PII. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Citigroup reduced their price target on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, KeyCorp dropped their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Down 0.6 %

Polaris stock opened at $66.82 on Monday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 6.98 and a beta of 1.52. 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’s 50-day moving average price is $77.45 and its two-hundred day moving average price is $79.79. Polaris Inc. has a 52 week low of $66.06 and a 52 week high of $100.91.

Polaris (NYSE:PII) last released its 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 for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.71 EPS. On average, analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 3.95%. Polaris’s dividend payout ratio is currently 73.74%.

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.