Holocene Advisors LP Increases Holdings in Polaris Inc. (NYSE:PII)

Holocene Advisors LP raised its holdings in Polaris Inc. (NYSE:PII) by 6.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 85,755 shares of the company’s stock after buying an additional 5,333 shares during the quarter. Holocene Advisors LP’s holdings in Polaris were worth $7,138,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PII. The Manufacturers Life Insurance Company lifted its stake in Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares during the period. Confluence Investment Management LLC lifted its position in shares of Polaris by 0.7% in the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after purchasing an additional 6,724 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Polaris by 44.6% during 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 during the period. Finally, American Century Companies Inc. raised its stake in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Trading Down 0.6 %

NYSE:PII opened at $67.44 on Wednesday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 7.09 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. The company’s 50 day moving average price is $74.37 and its 200-day moving average price is $78.41. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91.

Polaris (NYSE:PII) last issued its earnings results 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 business posted $2.71 earnings per share. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. On average, equities research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Analysts Set New Price Targets

Several analysts have weighed in on PII shares. Royal Bank of Canada cut their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. KeyCorp decreased their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Polaris currently has an average rating of “Hold” and an average 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.