Isthmus Partners LLC Has $384,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Isthmus Partners LLC grew its position in shares of Polaris Inc. (NYSE:PII) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,616 shares of the company’s stock after buying an additional 605 shares during the period. Isthmus Partners LLC’s holdings in Polaris were worth $384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in 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 acquiring an additional 294 shares during the period. Blue Trust Inc. raised its position in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares in the last quarter. Signaturefd LLC raised its position 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 buying an additional 618 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Polaris in the second quarter valued at approximately $57,000. Finally, National Bank of Canada FI grew its position in Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the subject of several analyst reports. KeyCorp dropped 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. DA Davidson dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Up 1.2 %

Shares of PII opened at $69.10 on Friday. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91. The business’s fifty day moving average is $74.97 and its 200-day moving average is $78.77. 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 firm has a market cap of $3.85 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 7.13 and a beta of 1.52.

Polaris (NYSE:PII) last issued 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). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company’s revenue was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 EPS. Equities analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.82%. 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.