7,500 Shares in Polaris Inc. (NYSE:PII) Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Polaris Inc. (NYSE:PII) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,500 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in shares of Polaris by 2.4% during the fourth quarter. Capital World Investors now owns 6,757,911 shares of the company’s stock valued at $640,447,000 after acquiring an additional 160,918 shares in the last quarter. Vanguard Group Inc. grew its position in Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after purchasing an additional 94,680 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Polaris during the 1st quarter valued at approximately $108,890,000. Dimensional Fund Advisors LP raised its holdings in shares of Polaris by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock worth $80,663,000 after buying an additional 82,779 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Polaris by 1.6% in the fourth quarter. Brown Advisory Inc. now owns 372,071 shares of the company’s stock worth $35,261,000 after buying an additional 5,830 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PII shares. BMO Capital Markets cut their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 24th. Roth Mkm reduced their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. KeyCorp dropped their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup cut their price target on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.18.

Polaris Trading Down 2.6 %

Polaris stock opened at $82.45 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The firm has a market cap of $4.60 billion, a PE ratio of 12.09, a P/E/G ratio of 7.52 and a beta of 1.51. The stock’s 50 day simple moving average is $80.62 and its two-hundred day simple moving average is $85.14. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $113.28.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $2.42 earnings per share. The business’s quarterly revenue was down 11.5% on a year-over-year basis. Analysts anticipate that Polaris Inc. will post 3.79 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.66 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.20%. Polaris’s dividend payout ratio is presently 38.71%.

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.