Hancock Whitney Corp Increases Holdings in Polaris Inc. (NYSE:PII)

Hancock Whitney Corp lifted its holdings in Polaris Inc. (NYSE:PII) by 9.9% in the 3rd quarter, Holdings Channel reports. The firm owned 14,808 shares of the company’s stock after acquiring an additional 1,334 shares during the period. Hancock Whitney Corp’s holdings in Polaris were worth $1,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PII. Truvestments Capital LLC purchased a new position in shares of Polaris in the 3rd quarter worth $181,000. Cerity Partners LLC increased its holdings in Polaris by 11.5% during the third quarter. Cerity Partners LLC now owns 41,564 shares of the company’s stock valued at $3,460,000 after buying an additional 4,303 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after acquiring an additional 171,366 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Polaris during the 3rd quarter valued at $2,837,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Polaris by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,966 shares of the company’s stock worth $12,233,000 after purchasing an additional 7,265 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

PII stock opened at $67.51 on Wednesday. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 7.44 and a beta of 1.52. 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 firm has a 50-day simple moving average of $75.96 and a two-hundred day simple moving average of $79.06.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company posted $2.71 EPS. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. On average, equities analysts forecast that Polaris Inc. will post 3.22 EPS for the current fiscal 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 given 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 currently 73.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada cut their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Robert W. Baird lowered their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. KeyCorp cut their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $87.09.

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.