Ballentine Partners LLC Has $305,000 Stock Position in Polaris Inc. (NYSE:PII)

Ballentine Partners LLC grew its stake in shares of Polaris Inc. (NYSE:PII) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,664 shares of the company’s stock after purchasing an additional 668 shares during the period. Ballentine Partners LLC’s holdings in Polaris were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New England Capital Financial Advisors LLC acquired a new position in shares of Polaris during the first quarter valued at about $25,000. Blue Trust Inc. raised its holdings in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after acquiring an additional 235 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Polaris by 1,931.3% in the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after acquiring an additional 618 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Polaris in the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Truist Financial lowered their target price on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. KeyCorp reduced their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.09.

Polaris Stock Up 3.9 %

Polaris stock opened at $74.05 on Tuesday. Polaris Inc. has a twelve month low of $68.59 and a twelve month high of $100.91. The firm has a 50 day moving average price of $81.39 and a 200-day moving average price of $81.46. The company has a market capitalization of $4.13 billion, a P/E ratio of 20.68, a P/E/G ratio of 7.46 and a beta of 1.51. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

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

Polaris Dividend Announcement

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 paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is currently 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.