Round Hill Asset Management Has $3.25 Million Stock Position in Polaris Inc. (NYSE:PII)

Round Hill Asset Management lowered its position in shares of Polaris Inc. (NYSE:PII) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,094 shares of the company’s stock after selling 791 shares during the quarter. Polaris makes up approximately 2.2% of Round Hill Asset Management’s holdings, making the stock its 15th biggest holding. Round Hill Asset Management’s holdings in Polaris were worth $3,254,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson reduced their price objective on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. KeyCorp cut their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.09.

Polaris Price Performance

Shares of PII opened at $67.95 on Friday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 6.99 and a beta of 1.52. Polaris Inc. has a 1-year low of $64.56 and a 1-year high of $100.91. The company’s fifty day simple moving average is $76.21 and its 200 day simple moving average is $79.20. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. Polaris’s quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 earnings per share. On average, research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

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 issued a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 3.89%. Polaris’s payout ratio is 73.74%.

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.