Polaris Inc. (NYSE:PII) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp decreased its stake in shares of Polaris Inc. (NYSE:PII) by 18.0% during the second quarter, HoldingsChannel reports. The firm owned 13,474 shares of the company’s stock after selling 2,958 shares during the quarter. Hancock Whitney Corp’s holdings in Polaris were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PII. New England Capital Financial Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at $25,000. Creekmur Asset Management LLC purchased a new position in shares of Polaris in the fourth quarter worth about $27,000. Bessemer Group Inc. lifted its holdings in shares of Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares during the period. Security National Bank purchased a new stake in Polaris in the fourth quarter valued at approximately $47,000. Finally, Signaturefd LLC increased its holdings in Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after buying an additional 618 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

PII has been the topic of several recent research reports. Robert W. Baird dropped their price objective on shares of Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. KeyCorp reduced their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Roth Mkm decreased their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Bank of America lowered their price target on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $89.18.

Polaris Trading Down 1.8 %

Shares of PII stock opened at $84.33 on Monday. Polaris Inc. has a fifty-two week low of $71.90 and a fifty-two 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. The stock’s fifty day moving average is $81.92 and its two-hundred day moving average is $84.15. The firm has a market capitalization of $4.77 billion, a P/E ratio of 12.37, a PEG ratio of 7.42 and a beta of 1.51.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). The business 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 company’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 earnings per share. Research analysts expect that Polaris Inc. will post 3.79 earnings per share for the current fiscal year.

Polaris Dividend Announcement

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