Venturi Wealth Management LLC Boosts Position in Polaris Inc. (NYSE:PII)

Venturi Wealth Management LLC boosted its position in Polaris Inc. (NYSE:PII) by 534.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349 shares of the company’s stock after purchasing an additional 294 shares during the period. Venturi Wealth Management LLC’s holdings in Polaris were worth $29,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PII. Blue Trust Inc. grew its position in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. Bessemer Group Inc. grew its position 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 period. Signaturefd LLC increased its stake in shares of 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 in the last quarter. Abich Financial Wealth Management LLC bought a new position in Polaris in the 2nd quarter worth $57,000. Finally, National Bank of Canada FI lifted its position in Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PII shares. KeyCorp decreased their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Finally, DA Davidson dropped their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

NYSE:PII opened at $66.82 on Friday. The business’s 50-day moving average is $77.45 and its 200 day moving average is $79.82. Polaris Inc. has a 12 month low of $66.06 and a 12 month high of $100.91. The company has a market capitalization of $3.73 billion, a P/E ratio of 18.66, a P/E/G ratio of 7.05 and a beta of 1.52. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. The firm’s revenue was down 23.4% compared to the same quarter last year. On average, equities research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.95%. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.