Impact Partnership Wealth LLC Takes $378,000 Position in Polaris Inc. (NYSE:PII)

Impact Partnership Wealth LLC bought a new position in Polaris Inc. (NYSE:PII) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,555 shares of the company’s stock, valued at approximately $378,000.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Polaris by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 91,612 shares of the company’s stock worth $7,174,000 after purchasing an additional 831 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 96,194 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Polaris by 67.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,657 shares of the company’s stock worth $365,000 after acquiring an additional 1,881 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Polaris in the 2nd quarter worth $1,211,000. Finally, Sei Investments Co. raised its holdings in shares of Polaris by 31.0% in the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after purchasing an additional 853 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PII shares. Citigroup reduced their price objective on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday. DA Davidson dropped their price target on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reduced their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Finally, Roth Mkm lowered their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and a consensus price target of $73.45.

Polaris Trading Down 0.8 %

Shares of Polaris stock opened at $53.80 on Friday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 15.03, a P/E/G ratio of 6.05 and a beta of 1.53. Polaris Inc. has a 52-week low of $52.62 and a 52-week high of $100.91. 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 stock’s 50-day simple moving average is $60.62 and its 200 day simple moving average is $72.86.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same period last year, the firm earned $2.71 EPS. As a group, research analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

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.