Goelzer Investment Management Inc. Reduces Position in Polaris Inc. (NYSE:PII)

Goelzer Investment Management Inc. decreased its holdings in Polaris Inc. (NYSE:PII) by 9.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,224 shares of the company’s stock after selling 3,734 shares during the period. Goelzer Investment Management Inc.’s holdings in Polaris were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its holdings in Polaris by 534.5% in the 3rd 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. Quarry LP boosted its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares during the period. Blue Trust Inc. grew its position in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the subject of a number of recent analyst reports. DA Davidson reduced their target price on Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a report on Friday, January 17th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Citigroup lowered their price objective on Polaris from $73.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.45.

Polaris Stock Performance

Shares of PII opened at $53.80 on Friday. 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 one year low of $52.62 and a one year high of $100.91. The firm has a market capitalization of $3.00 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. The company has a 50-day simple moving average of $60.62 and a two-hundred day simple moving average of $72.86.

Polaris (NYSE:PII) last released 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). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $2.71 earnings per share. The company’s revenue was down 23.4% on a year-over-year basis. On average, analysts anticipate that Polaris Inc. will post 3.22 EPS for the current fiscal year.

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.