Envestnet Asset Management Inc. Acquires 831 Shares of Polaris Inc. (NYSE:PII)

Envestnet Asset Management Inc. grew its holdings in shares of Polaris Inc. (NYSE:PII) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,612 shares of the company’s stock after purchasing an additional 831 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Polaris worth $7,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. New England Capital Financial Advisors LLC acquired a new position in Polaris during the first quarter worth $25,000. Creekmur Asset Management LLC bought a new stake in shares of Polaris during the 4th quarter worth about $27,000. Bessemer Group Inc. increased its holdings in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Security National Bank bought a new position in shares of Polaris in the 4th quarter valued at approximately $47,000. Finally, Signaturefd LLC lifted 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 purchasing an additional 618 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America lowered their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Royal Bank of Canada dropped their target price on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Robert W. Baird lowered their price target on Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, KeyCorp cut their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Polaris presently has an average rating of “Hold” and an average price target of $89.18.

Polaris Trading Up 0.5 %

Polaris stock opened at $84.95 on Friday. The business has a 50 day moving average price of $81.95 and a two-hundred day moving average price of $83.92. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $106.17. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 7.54 and a beta of 1.51.

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

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid 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 3.11%. Polaris’s payout ratio is currently 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.