Swiss National Bank Sells 700 Shares of Polaris Inc. (NYSE:PII)

Swiss National Bank cut its holdings in shares of Polaris Inc. (NYSE:PII) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,800 shares of the company’s stock after selling 700 shares during the period. Swiss National Bank owned about 0.19% of Polaris worth $8,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JLB & Associates Inc. lifted its stake in shares of Polaris by 0.5% in the 2nd quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after acquiring an additional 120 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after acquiring an additional 172 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Polaris by 1.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after acquiring an additional 187 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Polaris by 5.0% in the 2nd quarter. Isthmus Partners LLC now owns 4,011 shares of the company’s stock valued at $314,000 after acquiring an additional 190 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Polaris by 27.9% in the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after acquiring an additional 200 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PII has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. DA Davidson decreased their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price target on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.09.

Polaris Price Performance

PII stock opened at $71.22 on Tuesday. The stock has a market capitalization of $3.97 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 7.10 and a beta of 1.52. The company’s 50-day moving average is $75.96 and its 200-day moving average is $79.06. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91.

Polaris (NYSE:PII) last announced 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). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business posted $2.71 EPS. Polaris’s revenue was down 23.4% compared to the same quarter last year. Equities research analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.71%. Polaris’s payout ratio is 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.