The Producers Life Insurance coverage Firm decreased its holdings in Polaris Inc. (NYSE:PII – Free Report) by 5.5% in the course of the second quarter, in response to the corporate in its most up-to-date disclosure with the Securities & Trade Fee. The agency owned 2,274,569 shares of the corporate’s inventory after promoting 131,697 shares in the course of the interval. The Producers Life Insurance coverage Firm owned about 4.01% of Polaris price $275,064,000 as of its most up-to-date submitting with the Securities & Trade Fee.
Numerous different hedge funds and different institutional buyers have additionally purchased and bought shares of PII. Cash Ideas Capital Corp elevated its stake in Polaris by 89.1% within the fourth quarter. Cash Ideas Capital Corp now owns 312 shares of the corporate’s inventory price $32,000 after buying an extra 147 shares in the course of the interval. IFP Advisors Inc elevated its stake in shares of Polaris by 30.4% in the course of the second quarter. IFP Advisors Inc now owns 395 shares of the corporate’s inventory valued at $33,000 after shopping for an extra 92 shares in the course of the interval. Huntington Nationwide Financial institution elevated its stake in shares of Polaris by 526.0% in the course of the second quarter. Huntington Nationwide Financial institution now owns 313 shares of the corporate’s inventory valued at $38,000 after shopping for an extra 263 shares in the course of the interval. Ten Capital Wealth Advisors LLC bought a brand new place in shares of Polaris in the course of the first quarter valued at $46,000. Lastly, Staff Retirement System of Texas bought a brand new place in shares of Polaris in the course of the second quarter valued at $47,000. Hedge funds and different institutional buyers personal 87.36% of the corporate’s inventory.
Wall Road Analysts Forecast Progress
A number of brokerages have not too long ago commented on PII. Roth Mkm reduce their worth goal on Polaris from $122.00 to $95.00 and set a “impartial” ranking on the inventory in a analysis be aware on Wednesday, October twenty fifth. Royal Financial institution of Canada reduce their worth goal on Polaris from $121.00 to $108.00 and set a “sector carry out” ranking on the inventory in a analysis be aware on Wednesday, October twenty fifth. TheStreet downgraded Polaris from a “b-” ranking to a “c+” ranking in a analysis report on Thursday, November 2nd. Robert W. Baird dropped their worth goal on Polaris from $140.00 to $125.00 and set an “outperform” ranking on the inventory in a analysis report on Wednesday, October 4th. Lastly, KeyCorp dropped their worth goal on Polaris from $145.00 to $115.00 and set an “chubby” ranking on the inventory in a analysis report on Wednesday, October twenty fifth. 13 analysis analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the corporate. Based mostly on information from MarketBeat, the corporate presently has a mean ranking of “Maintain” and a consensus goal worth of $111.77.
View Our Newest Inventory Report on Polaris
Polaris Value Efficiency
Shares of NYSE PII opened at $90.57 on Friday. The corporate has a debt-to-equity ratio of 1.24, a fast ratio of 0.41 and a present ratio of 1.25. The corporate has a market cap of $5.11 billion, a PE ratio of 8.86 and a beta of 1.69. The enterprise has a 50-day easy transferring common of $94.84 and a two-hundred day easy transferring common of $109.79. Polaris Inc. has a fifty-two week low of $84.15 and a fifty-two week excessive of $138.49.
Polaris (NYSE:PII – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, October twenty fourth. The corporate reported $2.71 earnings per share for the quarter, hitting the consensus estimate of $2.71. The enterprise had income of $2.25 billion in the course of the quarter, in comparison with the consensus estimate of $2.26 billion. Polaris had a return on fairness of 51.02% and a internet margin of 6.57%. The corporate’s quarterly income was down 3.9% on a year-over-year foundation. Throughout the identical quarter final yr, the corporate earned $3.25 earnings per share. As a bunch, equities analysts anticipate that Polaris Inc. will publish 9.78 EPS for the present fiscal yr.
Polaris Broadcasts Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Friday, December fifteenth. Stockholders of report on Friday, December 1st will probably be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of two.87%. The ex-dividend date of this dividend is Thursday, November thirtieth. Polaris’s payout ratio is 25.42%.
Polaris Profile
(Free Report)
Polaris Inc designs, engineers, manufactures, and markets powersports autos worldwide. It operates by three segments: Off-Street, On-Street, and Marine. The corporate affords off-road autos (ORVs), together with all-terrain autos and side-by-side autos; army and business ORVs; snowmobiles; bikes; moto-roadsters, quadricycles, and boats; and aftermarket elements and attire.
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