Polaris Inc. (NYSE:PII) Stock Holdings Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in shares of Polaris Inc. (NYSE:PII) by 58.7% in the second quarter, Holdings Channel reports. The firm owned 80,968 shares of the company’s stock after selling 115,232 shares during the period. Renaissance Technologies LLC’s holdings in Polaris were worth $6,341,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Polaris in the fourth quarter worth approximately $12,168,000. Franklin Resources Inc. lifted its stake in shares of Polaris by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 62,109 shares of the company’s stock valued at $5,886,000 after purchasing an additional 531 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Polaris by 9.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,791 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,135 shares in the last quarter. Commerce Bank increased its position in Polaris by 90.6% during the fourth quarter. Commerce Bank now owns 11,329 shares of the company’s stock worth $1,074,000 after buying an additional 5,386 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Polaris by 88.4% during the fourth quarter. Hsbc Holdings PLC now owns 18,347 shares of the company’s stock valued at $1,736,000 after buying an additional 8,610 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Roth Mkm lowered their price objective on Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Bank of America lowered their price target on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Citigroup reduced their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets decreased their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Finally, DA Davidson upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $89.18.

Polaris Stock Up 1.3 %

NYSE PII opened at $84.47 on Friday. Polaris Inc. has a twelve month low of $71.90 and a twelve month high of $106.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The stock has a market cap of $4.77 billion, a PE ratio of 12.39, a PEG ratio of 7.34 and a beta of 1.51. The firm has a 50-day simple moving average of $81.88 and a 200 day simple moving average of $84.02.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. Polaris’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.42 EPS. On average, research analysts forecast that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.13%. The ex-dividend date was Tuesday, September 3rd. Polaris’s dividend payout ratio (DPR) is presently 38.71%.

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.