Stifel Financial Corp Has $8.58 Million Holdings in Polaris Inc. (NYSE:PII)

Stifel Financial Corp raised its stake in shares of Polaris Inc. (NYSE:PII) by 11.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,061 shares of the company’s stock after acquiring an additional 10,843 shares during the quarter. Stifel Financial Corp’s holdings in Polaris were worth $8,579,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in Polaris during the second quarter worth $15,363,000. RWWM Inc. increased its holdings in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after buying an additional 179,244 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Polaris during the 3rd quarter worth about $12,670,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 0.8 %

Shares of PII opened at $64.65 on Friday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 6.65 and a beta of 1.51. Polaris Inc. has a 52 week low of $63.23 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. The business’s fifty day moving average price is $71.47 and its two-hundred day moving average price is $77.50.

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). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s revenue was down 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.71 earnings per share. On average, analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.08%. Polaris’s dividend payout ratio is presently 73.74%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PII shares. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada cut their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson cut their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, KeyCorp reduced their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $87.09.

About Polaris

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.