Polaris Inc. (NYSE:PII) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Polaris Inc. (NYSE:PII) by 25.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,660 shares of the company’s stock after buying an additional 4,831 shares during the period. Natixis Advisors LLC’s holdings in Polaris were worth $1,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. raised its stake in Polaris by 2,431.3% in 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. Bessemer Group Inc. raised its stake in Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Signaturefd LLC lifted its holdings in Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after purchasing an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Polaris during the second quarter worth $57,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PII shares. DA Davidson lowered their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Robert W. Baird dropped their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. KeyCorp lowered their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

PII opened at $71.22 on Tuesday. The stock’s 50-day moving average price is $75.96 and its 200 day moving average price is $79.06. Polaris Inc. has a 12-month low of $64.56 and a 12-month high of $100.91. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 7.10 and a beta of 1.52. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the business posted $2.71 EPS. The company’s revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, sell-side analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 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.