OneDigital Investment Advisors LLC Sells 1,433 Shares of Polaris Inc. (NYSE:PII)

OneDigital Investment Advisors LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII) by 23.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,699 shares of the company’s stock after selling 1,433 shares during the period. OneDigital Investment Advisors LLC’s holdings in Polaris were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PII. American Century Companies Inc. grew its position in Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris during the second quarter valued at approximately $15,363,000. RWWM Inc. raised its holdings in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

Shares of PII opened at $66.89 on Friday. The company has a market cap of $3.73 billion, a P/E ratio of 18.68, a PEG ratio of 6.88 and a beta of 1.52. Polaris Inc. has a fifty-two week low of $64.56 and a fifty-two week 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 firm’s 50 day moving average price is $76.48 and its 200 day moving average price is $79.36.

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

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 3.95%. Polaris’s dividend payout ratio is presently 73.74%.

Analyst Upgrades and Downgrades

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