Oppenheimer Asset Management Inc. Has $756,000 Stock Position in Polaris Inc. (NYSE:PII)

Oppenheimer Asset Management Inc. decreased its stake in shares of Polaris Inc. (NYSE:PII) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,080 shares of the company’s stock after selling 11,223 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Polaris were worth $756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after purchasing an additional 94,680 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Polaris by 22.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company’s stock valued at $6,616,000 after purchasing an additional 11,009 shares during the period. Tidal Investments LLC acquired a new position in Polaris during the 1st quarter valued at about $1,065,000. Savoir Faire Capital Management L.P. acquired a new position in Polaris during the 2nd quarter valued at about $757,000. Finally, Dimensional Fund Advisors LP lifted its position in Polaris by 10.8% during the 2nd 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 period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Price Performance

Shares of PII opened at $66.71 on Tuesday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 18.63, a P/E/G ratio of 6.98 and a beta of 1.52. Polaris Inc. has a twelve month low of $66.00 and a twelve month high of $100.91. The company has a 50 day moving average of $77.21 and a 200-day moving average of $79.67. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

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

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a dividend yield of 3.96%. Polaris’s dividend payout ratio is presently 73.74%.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of research reports. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Roth Mkm cut their target price on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. DA Davidson lowered their target price on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp lowered their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.