Polaris Inc. (NYSE:PII) Shares Acquired by Kiltearn Partners LLP

Kiltearn Partners LLP grew its stake in shares of Polaris Inc. (NYSE:PII) by 147.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,700 shares of the company’s stock after acquiring an additional 92,300 shares during the period. Polaris comprises approximately 1.8% of Kiltearn Partners LLP’s holdings, making the stock its 23rd biggest position. Kiltearn Partners LLP owned 0.28% of Polaris worth $12,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the period. Bessemer Group Inc. increased its position in Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after acquiring an additional 235 shares during the period. Blue Trust Inc. raised its stake in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. Signaturefd LLC boosted its position in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Polaris during the second quarter valued at $57,000. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

PII has been the subject of a number of research analyst reports. KeyCorp reduced their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Robert W. Baird dropped 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. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson cut their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.09.

Polaris Price Performance

NYSE PII opened at $67.51 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 7.44 and a beta of 1.52. The company has a 50 day simple moving average of $75.96 and a 200-day simple moving average of $79.06. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91.

Polaris (NYSE:PII) last issued its earnings results 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business earned $2.71 EPS. The company’s quarterly revenue was down 23.4% on a year-over-year basis. Equities research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) 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.