Truvestments Capital LLC Acquires New Position in Polaris Inc. (NYSE:PII)

Truvestments Capital LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,172 shares of the company’s stock, valued at approximately $181,000.

A number of other large investors also recently bought and sold shares of PII. Confluence Investment Management LLC raised its position in shares of Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after acquiring an additional 6,724 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares during the period. American Century Companies Inc. lifted its position in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Polaris by 11.1% in the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after buying an additional 35,952 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird decreased their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Finally, DA Davidson lowered their price target 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

Shares of Polaris stock opened at $67.51 on Wednesday. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91. 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 has a market cap of $3.77 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 7.44 and a beta of 1.52. The company’s 50-day moving average price is $75.96 and its two-hundred day moving average price is $79.06.

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

Polaris Announces Dividend

The business 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 dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

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.