Public Employees Retirement System of Ohio Raises Holdings in Polaris Inc. (NYSE:PII)

Public Employees Retirement System of Ohio lifted its holdings in Polaris Inc. (NYSE:PII) by 93.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,527 shares of the company’s stock after buying an additional 18,619 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Polaris worth $3,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Polaris by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after purchasing an additional 69,844 shares during the period. Confluence Investment Management LLC boosted its holdings in Polaris by 0.7% during the third 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Polaris by 10.8% during the second 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 period. Charles Schwab Investment Management Inc. increased its holdings in Polaris by 44.6% in the third 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, American Century Companies Inc. lifted its position 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 valued at $30,307,000 after acquiring an additional 292,992 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PII. DA Davidson dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target 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. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Robert W. Baird dropped their target price 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. Finally, KeyCorp reduced their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Down 3.1 %

Shares of Polaris stock opened at $61.16 on Tuesday. The firm has a market cap of $3.41 billion, a PE ratio of 17.08, a P/E/G ratio of 6.59 and a beta of 1.51. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris Inc. has a fifty-two week low of $60.69 and a fifty-two week high of $100.91. The business’s fifty day moving average is $70.71 and its two-hundred day moving average is $77.17.

Polaris (NYSE:PII) last issued its quarterly earnings results 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 return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $2.71 earnings per share. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. Analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.32%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) 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.