Cerity Partners LLC Buys 4,303 Shares of Polaris Inc. (NYSE:PII)

Cerity Partners LLC increased its stake in Polaris Inc. (NYSE:PII) by 11.5% in the third quarter, HoldingsChannel reports. The fund owned 41,564 shares of the company’s stock after purchasing an additional 4,303 shares during the period. Cerity Partners LLC’s holdings in Polaris were worth $3,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PII. Price T Rowe Associates Inc. MD increased its stake in Polaris by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,452 shares of the company’s stock worth $3,149,000 after purchasing an additional 929 shares during the period. Tidal Investments LLC purchased a new stake in Polaris during the 1st quarter valued at $1,065,000. Cetera Advisors LLC bought a new stake in Polaris in the 1st quarter worth $506,000. Linden Thomas Advisory Services LLC increased its position in shares of Polaris by 2.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after acquiring an additional 172 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of Polaris by 20.3% during the second quarter. Capital Investment Advisors LLC now owns 3,946 shares of the company’s stock valued at $309,000 after acquiring an additional 667 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE PII opened at $69.10 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of 19.30, a PEG ratio of 7.13 and a beta of 1.52. Polaris Inc. has a twelve month low of $64.56 and a twelve month high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $74.97 and a 200 day moving average of $78.77.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. As a group, research analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd 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 3.82%. The ex-dividend date is Monday, December 2nd. Polaris’s payout ratio is presently 73.74%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PII shares. Royal Bank of Canada reduced their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird reduced their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. StockNews.com raised shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, KeyCorp decreased their target price on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.09.

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.