HighTower Advisors LLC Acquires 731 Shares of Polaris Inc. (NYSE:PII)

HighTower Advisors LLC boosted its holdings in Polaris Inc. (NYSE:PII) by 20.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,350 shares of the company’s stock after purchasing an additional 731 shares during the quarter. HighTower Advisors LLC’s holdings in Polaris were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC boosted its position in shares of Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after acquiring an additional 187 shares during the last quarter. Isthmus Partners LLC boosted its holdings in shares of Polaris by 5.0% during the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after purchasing an additional 190 shares during the last quarter. National Bank of Canada FI grew its position in shares of 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. Claro Advisors LLC increased its holdings in shares of Polaris by 3.3% in the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after purchasing an additional 254 shares during the last quarter. Finally, Loudon Investment Management LLC lifted its position in shares of Polaris by 1.0% in the second quarter. Loudon Investment Management LLC now owns 25,952 shares of the company’s stock worth $2,032,000 after buying an additional 255 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

PII opened at $57.86 on Monday. Polaris Inc. has a twelve month low of $56.70 and a twelve month high of $100.91. The firm has a market capitalization of $3.23 billion, a PE ratio of 16.16, a PEG 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 firm’s 50-day moving average price is $68.98 and its 200 day moving average price is $76.55.

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

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.56%. The ex-dividend date was Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp lowered their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, DA Davidson dropped their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.