Polaris Inc. (NYSE:PII) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Polaris Inc. (NYSE:PII) by 11.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,236 shares of the company’s stock after acquiring an additional 2,019 shares during the period. Wellington Management Group LLP’s holdings in Polaris were worth $1,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kiltearn Partners LLP lifted its stake in shares of Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares during the period. FMR LLC boosted its stake in Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after buying an additional 24,103 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after acquiring an additional 22,648 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after acquiring an additional 27,375 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of Polaris by 8,867.5% in the third quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after acquiring an additional 63,225 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. 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 research report on Thursday, October 24th. Robert W. Baird reduced 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. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, KeyCorp lowered their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.09.

Polaris Stock Performance

Shares of PII stock opened at $58.18 on Thursday. Polaris Inc. has a 1-year low of $58.05 and a 1-year high of $100.91. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 6.59 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The stock’s fifty day simple moving average is $69.90 and its 200-day simple moving average is $76.88.

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

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.66 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 4.54%. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.