Keynote Financial Services LLC Takes Position in Polaris Inc. (NYSE:PII)

Keynote Financial Services LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,284 shares of the company’s stock, valued at approximately $529,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Cetera Advisors LLC purchased a new stake in shares of Polaris during the first quarter valued at approximately $506,000. Tidal Investments LLC purchased a new stake in shares of Polaris during the first quarter valued at approximately $1,065,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Polaris by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company’s stock valued at $3,149,000 after purchasing an additional 929 shares during the period. Toronto Dominion Bank boosted its stake in shares of Polaris by 12.5% during the first quarter. Toronto Dominion Bank now owns 16,794 shares of the company’s stock valued at $1,681,000 after purchasing an additional 1,861 shares during the period. Finally, Capital International Inc. CA lifted its stake in Polaris by 25.8% in the first quarter. Capital International Inc. CA now owns 7,878 shares of the company’s stock worth $789,000 after acquiring an additional 1,615 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

PII has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Bank of America lowered their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Citigroup lowered their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, Roth Mkm lowered their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.18.

Polaris Stock Down 0.2 %

Shares of NYSE:PII traded down $0.15 on Friday, hitting $78.92. 818,767 shares of the company traded hands, compared to its average volume of 1,282,078. Polaris Inc. has a 52 week low of $71.90 and a 52 week high of $133.77. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. The stock has a 50 day simple moving average of $79.25 and a 200-day simple moving average of $86.54. The company has a market cap of $4.40 billion, a PE ratio of 11.57, a PEG ratio of 7.02 and a beta of 1.53.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. Polaris’s revenue was down 11.5% compared to the same quarter last year. As a group, research analysts expect that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.66 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.64 annualized dividend and a yield of 3.35%. Polaris’s payout ratio is 38.71%.

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.