Goelzer Investment Management Inc. Has $3.16 Million Stock Position in Polaris Inc. (NYSE:PII)

Goelzer Investment Management Inc. reduced its position in shares of Polaris Inc. (NYSE:PII) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,958 shares of the company’s stock after selling 844 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Polaris were worth $3,160,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PII. Cambridge Investment Research Advisors Inc. grew its position in Polaris by 9.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,791 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,135 shares during the period. Hsbc Holdings PLC grew its holdings in shares of 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 during the last quarter. Stifel Financial Corp raised its holdings in shares of Polaris by 4.3% in the 4th quarter. Stifel Financial Corp now owns 77,626 shares of the company’s stock worth $7,357,000 after acquiring an additional 3,218 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Polaris by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,909 shares of the company’s stock valued at $2,266,000 after acquiring an additional 230 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Polaris by 139.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,840 shares of the company’s stock valued at $838,000 after purchasing an additional 5,142 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Performance

PII stock traded up $0.40 during mid-day trading on Friday, hitting $82.25. The company had a trading volume of 347,818 shares, compared to its average volume of 526,255. 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 firm has a market cap of $4.59 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 7.26 and a beta of 1.51. Polaris Inc. has a 12 month low of $71.90 and a 12 month high of $100.91. The stock’s fifty day moving average price is $82.29 and its two-hundred day moving average price is $83.67.

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

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.21%. Polaris’s payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PII. KeyCorp dropped their target price on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Truist Financial dropped their price objective on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Bank of America reduced their target price on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Citigroup dropped their price target on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.18.

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.