Polaris Inc. (NYSE:PII) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Polaris Inc. (NYSE:PII) by 44.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,410 shares of the company’s stock after purchasing an additional 171,366 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Polaris were worth $46,232,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its stake in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after buying an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris in the 2nd quarter valued at approximately $15,363,000. RWWM Inc. raised its stake in Polaris by 192.3% during the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares in the last quarter. Finally, Kiltearn Partners LLP acquired a new position in shares of Polaris in the 2nd quarter worth approximately $4,887,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Up 1.1 %

Polaris stock opened at $69.00 on Monday. Polaris Inc. has a twelve month low of $64.56 and a twelve month high of $100.91. The company’s 50-day moving average price is $74.66 and its two-hundred day moving average price is $78.57. 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 stock has a market cap of $3.85 billion, a P/E ratio of 19.27, a P/E/G ratio of 7.21 and a beta of 1.52.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 EPS. As a group, analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.83%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp decreased their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a report on Thursday. Finally, DA Davidson cut their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

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.