DekaBank Deutsche Girozentrale Has $200,000 Stock Position in Polaris Inc. (NYSE:PII)

DekaBank Deutsche Girozentrale lowered its stake in Polaris Inc. (NYSE:PII) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,594 shares of the company’s stock after selling 298 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Polaris were worth $200,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after buying an additional 94,680 shares during the period. TD Asset Management Inc boosted its position in shares of Polaris by 8.3% during the 4th quarter. TD Asset Management Inc now owns 140,779 shares of the company’s stock worth $13,342,000 after acquiring an additional 10,770 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Polaris by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock valued at $6,616,000 after acquiring an additional 11,009 shares during the last quarter. Tidal Investments LLC acquired a new position in Polaris during the first quarter valued at approximately $1,065,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PII shares. Citigroup decreased their price target on Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. BMO Capital Markets lowered their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Roth Mkm reduced their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Polaris has an average rating of “Hold” and a consensus price target of $89.18.

Polaris Trading Down 1.8 %

Shares of NYSE PII opened at $84.30 on Friday. The firm has a 50 day moving average price of $81.86 and a two-hundred day moving average price of $84.31. The stock has a market cap of $4.76 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 7.42 and a beta of 1.51. Polaris Inc. has a 52-week low of $71.90 and a 52-week high of $106.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42.

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

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.13%. Polaris’s dividend payout ratio (DPR) is 38.71%.

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.