Holocene Advisors LP Acquires 5,333 Shares of Polaris Inc. (NYSE:PII)

Holocene Advisors LP increased its holdings in Polaris Inc. (NYSE:PII) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,755 shares of the company’s stock after buying an additional 5,333 shares during the period. Holocene Advisors LP owned 0.15% of Polaris worth $7,138,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. JLB & Associates Inc. grew its position in shares of Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after purchasing an additional 120 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Polaris by 2.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock worth $586,000 after buying an additional 172 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Polaris by 1.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after acquiring an additional 187 shares during the period. Isthmus Partners LLC grew its stake in Polaris by 5.0% during the second quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after acquiring an additional 190 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Polaris by 27.9% during the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after acquiring an additional 200 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on PII. Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. DA Davidson reduced their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their price objective 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. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Price Performance

PII stock opened at $67.44 on Wednesday. The firm has a market cap of $3.76 billion, a P/E ratio of 18.84, a P/E/G ratio of 7.09 and a beta of 1.51. The firm’s fifty day moving average is $74.37 and its 200 day moving average is $78.41. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91. 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 (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $2.71 earnings per share. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. Research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced 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. This represents a $2.64 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

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.