Polaris Inc. (NYSE:PII) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its position in Polaris Inc. (NYSE:PII) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,236 shares of the company’s stock after acquiring an additional 2,019 shares during the quarter. Wellington Management Group LLP’s holdings in Polaris were worth $1,684,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Polaris by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after purchasing an additional 6,724 shares during the period. Dimensional Fund Advisors LP grew its position in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after buying an additional 96,194 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares during the period. Finally, American Century Companies Inc. raised its position in Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after buying an additional 292,992 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Trading Down 4.3 %

Shares of PII stock opened at $58.18 on Thursday. The stock has a market cap of $3.24 billion, a P/E ratio of 16.25, a P/E/G ratio of 6.59 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 Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $100.91. The business has a fifty day simple moving average of $69.90 and a 200-day simple moving average of $76.88.

Polaris (NYSE:PII) last posted its 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). The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.71 earnings per share. On average, analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.54%. The ex-dividend date was Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson reduced their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. KeyCorp dropped their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.09.

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.