Polaris Inc. (NYSE:PII) Shares Bought by ARGA Investment Management LP

ARGA Investment Management LP increased its position in Polaris Inc. (NYSE:PII) by 42.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,162 shares of the company’s stock after acquiring an additional 10,539 shares during the period. ARGA Investment Management LP’s holdings in Polaris were worth $2,927,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its stake in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after acquiring an additional 292,992 shares during the period. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Polaris in the second quarter valued at $15,363,000. RWWM Inc. increased its stake in Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after purchasing an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after buying an additional 96,194 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Up 1.1 %

Shares of PII opened at $69.00 on Friday. Polaris Inc. has a 12 month low of $64.56 and a 12 month high of $100.91. The stock’s 50-day moving average is $74.66 and its two-hundred day moving average is $78.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market cap of $3.85 billion, a PE ratio of 19.27, a P/E/G ratio of 7.21 and a beta of 1.52.

Polaris (NYSE:PII) last released its quarterly earnings results 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 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 earnings per share. The business’s revenue was down 23.4% on a year-over-year basis. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. DA Davidson dropped their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. KeyCorp dropped their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird decreased their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. 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, StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $87.09.

Polaris Company 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.