Caprock Group LLC Purchases New Holdings in Polaris Inc. (NYSE:PII)

Caprock Group LLC purchased a new stake in Polaris Inc. (NYSE:PII) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,838 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC increased its position in Polaris by 0.7% in 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 during the period. Dimensional Fund Advisors LP increased its position in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after acquiring an additional 96,194 shares during the period. American Century Companies Inc. boosted its holdings in Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Polaris by 11.1% in the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock valued at $28,116,000 after purchasing an additional 35,952 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Polaris by 12.0% in the 2nd quarter. AQR Capital Management LLC now owns 290,539 shares of the company’s stock valued at $22,706,000 after purchasing an additional 31,081 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of a number of analyst reports. DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada lowered 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. Robert W. Baird lowered their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp lowered their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Price Performance

Shares of NYSE:PII opened at $67.95 on Friday. The business’s fifty day moving average price is $76.21 and its two-hundred day moving average price is $79.20. The stock has a market cap of $3.79 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.99 and a beta of 1.52. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91.

Polaris (NYSE:PII) last announced 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). The company 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 quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.71 EPS. On average, analysts forecast that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.89%. 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.