Wedbush Securities Inc. Purchases 1,139 Shares of Polaris Inc. (NYSE:PII)

Wedbush Securities Inc. lifted its position in shares of Polaris Inc. (NYSE:PII) by 22.2% during the second quarter, HoldingsChannel reports. The firm owned 6,275 shares of the company’s stock after buying an additional 1,139 shares during the quarter. Wedbush Securities Inc.’s holdings in Polaris were worth $491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Polaris by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 11,686 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,865 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Polaris by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock valued at $33,957,000 after purchasing an additional 10,745 shares during the period. Principal Securities Inc. acquired a new stake in Polaris during the 4th quarter worth approximately $135,000. Jump Financial LLC lifted its stake in Polaris by 5.2% in the fourth quarter. Jump Financial LLC now owns 6,815 shares of the company’s stock valued at $646,000 after buying an additional 339 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Polaris by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 851,098 shares of the company’s stock valued at $80,663,000 after buying an additional 82,779 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Roth Mkm dropped their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Citigroup decreased their price objective on Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Robert W. Baird dropped their target price on Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, KeyCorp reduced their price target on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $89.18.

Polaris Stock Performance

NYSE PII opened at $78.05 on Friday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 7.04 and a beta of 1.51. The company has a current ratio of 1.42, a quick ratio of 0.40 and a debt-to-equity ratio of 1.56. The firm’s fifty day moving average price is $81.01 and its two-hundred day moving average price is $84.61. Polaris Inc. has a 1 year low of $71.90 and a 1 year high of $108.02.

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

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, September 3rd. Polaris’s payout ratio is presently 38.71%.

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.