Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Polaris Inc. (NYSE:PII – Get Rating) by 14.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,830 shares of the company’s stock after selling 1,144 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Polaris were worth $678,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its holdings in Polaris by 17.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,344 shares of the company’s stock worth $531,000 after acquiring an additional 776 shares during the period. LPL Financial LLC increased its holdings in Polaris by 4.0% in the second quarter. LPL Financial LLC now owns 52,845 shares of the company’s stock worth $5,246,000 after purchasing an additional 2,042 shares in the last quarter. Aurora Investment Counsel lifted its stake in Polaris by 5.6% in the second quarter. Aurora Investment Counsel now owns 17,637 shares of the company’s stock valued at $1,751,000 after buying an additional 934 shares during the period. Claro Advisors LLC lifted its stake in Polaris by 60.1% in the second quarter. Claro Advisors LLC now owns 3,709 shares of the company’s stock valued at $368,000 after buying an additional 1,392 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Polaris during the 2nd quarter worth approximately $258,000. Institutional investors own 92.61% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Robert W. Baird dropped their price objective on shares of Polaris from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, October 6th. Jefferies Financial Group increased their price objective on shares of Polaris from $100.00 to $106.00 in a research report on Monday. Citigroup set a $112.00 target price on Polaris in a research report on Wednesday, November 23rd. Finally, BMO Capital Markets cut Polaris from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $120.00 to $110.00 in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.00.
Polaris Stock Down 2.7 %
Polaris stock opened at $105.17 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.41 and a current ratio of 1.28. The stock has a market cap of $6.10 billion, a PE ratio of 18.92 and a beta of 1.53. Polaris Inc. has a fifty-two week low of $91.86 and a fifty-two week high of $127.37. The firm’s 50-day simple moving average is $104.61 and its 200 day simple moving average is $107.66.
Polaris (NYSE:PII – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.40. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.19 billion. Polaris had a return on equity of 50.01% and a net margin of 3.97%. Research analysts predict that Polaris Inc. will post 10.2 EPS for the current fiscal year.
Polaris Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.56 annualized dividend and a yield of 2.43%. Polaris’s payout ratio is currently 46.04%.
About Polaris
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Polaris Inc designs, engineers, manufactures, and markets power sports 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; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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