Polaris Inc. (NYSE:PII) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 8,867.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,938 shares of the company’s stock after buying an additional 63,225 shares during the period. Benjamin Edwards Inc. owned approximately 0.11% of Polaris worth $5,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the period. Blue Trust Inc. grew its stake in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Polaris in the second quarter valued at about $57,000. Finally, National Bank of Canada FI raised its stake in shares of Polaris by 27.9% in the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after purchasing an additional 200 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PII. DA Davidson cut their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” 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 on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Price Performance

Polaris stock opened at $67.44 on Wednesday. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 7.09 and a beta of 1.51. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91. The company has a fifty day simple moving average of $74.37 and a 200-day simple moving average of $78.41. 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 (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $2.71 EPS. The business’s quarterly revenue was down 23.4% on a year-over-year basis. On average, equities analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 annualized dividend and a yield of 3.91%. Polaris’s payout ratio is 73.74%.

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.