UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Polaris Inc. (NYSE:PII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Polaris Inc. (NYSE:PII) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,062 shares of the company’s stock after selling 13,227 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Polaris were worth $10,077,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PII. Venturi Wealth Management LLC increased its position in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares in the last quarter. Signaturefd LLC raised its position in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 618 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Polaris in the second quarter worth about $57,000. Finally, National Bank of Canada FI boosted 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 worth $69,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 0.1 %

Shares of PII stock opened at $63.63 on Monday. Polaris Inc. has a 1-year low of $63.23 and a 1-year high of $100.91. The firm has a market cap of $3.55 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 6.85 and a beta of 1.51. The company has a 50-day moving average of $72.82 and a two-hundred day moving average of $77.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32.

Polaris (NYSE:PII) last posted its earnings results 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $2.71 EPS. The firm’s revenue for the quarter was down 23.4% on a year-over-year basis. On average, analysts predict 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 given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

PII has been the subject of a number of recent research reports. DA Davidson cut their price objective 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. KeyCorp reduced their price objective 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 dropped their target price on 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 upgraded Polaris from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Robert W. Baird dropped their price objective on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Polaris has an average rating of “Hold” and an average 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.