Mutual of America Capital Management LLC Trims Holdings in Polaris Inc. (NYSE:PII)

Mutual of America Capital Management LLC reduced its stake in shares of Polaris Inc. (NYSE:PII) by 71.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,323 shares of the company’s stock after selling 71,773 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Polaris worth $2,358,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PII. Venturi Wealth Management LLC boosted its position in Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the period. Blue Trust Inc. boosted its holdings in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the period. Bessemer Group Inc. grew its stake in Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares in the last quarter. Signaturefd LLC increased its holdings in Polaris by 1,931.3% during 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 period. Finally, Abich Financial Wealth Management LLC bought a new stake in Polaris during the 2nd quarter valued at $57,000. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of recent research reports. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday. DA Davidson lowered their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird reduced their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Stock Up 1.5 %

NYSE:PII opened at $67.95 on Friday. 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 Inc. has a twelve month low of $64.56 and a twelve month high of $100.91. The company has a market cap of $3.79 billion, a PE ratio of 18.98, a P/E/G ratio of 6.99 and a beta of 1.52. The company’s 50 day moving average is $76.21 and its two-hundred day moving average is $79.20.

Polaris (NYSE:PII) last announced its quarterly earnings data 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 net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm earned $2.71 earnings per share. Polaris’s quarterly revenue was down 23.4% compared to the same quarter last year. Analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s payout ratio is 73.74%.

About Polaris

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.