Polaris Inc. (NYSE:PII) Position Lowered by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its position in Polaris Inc. (NYSE:PII) by 66.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,173 shares of the company’s stock after selling 24,260 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Polaris were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PII. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada cut their target price 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. Bank of America cut their target price on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. DA Davidson cut their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. 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 MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Performance

Shares of PII stock opened at $65.20 on Thursday. The company has a fifty day moving average price of $76.71 and a two-hundred day moving average price of $79.44. 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 stock has a market cap of $3.64 billion, a P/E ratio of 18.21, a P/E/G ratio of 6.88 and a beta of 1.52. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data 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 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 analyst estimates of $1.77 billion. During the same quarter last year, the firm earned $2.71 EPS. Polaris’s revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, equities analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

About Polaris

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.