Amalgamated Bank Sells 8,521 Shares of Polaris Inc. (NYSE:PII)

Amalgamated Bank lowered its stake in shares of Polaris Inc. (NYSE:PII) by 25.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,533 shares of the company’s stock after selling 8,521 shares during the quarter. Amalgamated Bank’s holdings in Polaris were worth $2,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JLB & Associates Inc. boosted its holdings in Polaris by 0.5% in the 2nd quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after purchasing an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Polaris by 14.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock valued at $133,000 after purchasing an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Polaris by 2.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after buying an additional 172 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after purchasing an additional 187 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of Polaris by 5.0% during the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock worth $314,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 0.4 %

Polaris stock opened at $68.63 on Tuesday. Polaris Inc. has a twelve month low of $68.45 and a twelve month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $78.60 and a 200-day moving average of $80.29. The stock has a market capitalization of $3.83 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 7.20 and a beta of 1.52.

Polaris (NYSE:PII) last issued its 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). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 earnings per share. On average, equities research analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.85%. Polaris’s dividend payout ratio is currently 73.74%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup reduced their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Longbow Research reissued a “neutral” rating on shares of Polaris in a report 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 research note on Wednesday, July 24th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.09.

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.