Zhang Financial LLC Lowers Stock Position in Polaris Inc. (NYSE:PII)

Zhang Financial LLC cut its stake in shares of Polaris Inc. (NYSE:PIIGet Rating) by 41.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,328 shares of the company’s stock after selling 1,672 shares during the period. Zhang Financial LLC’s holdings in Polaris were worth $231,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. IndexIQ Advisors LLC purchased a new stake in Polaris during the 1st quarter worth $27,000. Disciplined Investments LLC purchased a new stake in Polaris during the 1st quarter worth $43,000. Brown Brothers Harriman & Co. purchased a new stake in Polaris during the 1st quarter worth $47,000. Stonebridge Capital Advisors LLC boosted its position in Polaris by 370.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 546 shares of the company’s stock worth $60,000 after purchasing an additional 430 shares during the period. Finally, Signaturefd LLC boosted its position in Polaris by 60.9% during the 1st quarter. Signaturefd LLC now owns 637 shares of the company’s stock worth $67,000 after purchasing an additional 241 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael T. Speetzen sold 24,500 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.21, for a total value of $2,920,645.00. Following the sale, the chief executive officer now owns 61,202 shares in the company, valued at approximately $7,295,890.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Michael T. Speetzen sold 24,500 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $119.21, for a total transaction of $2,920,645.00. Following the completion of the sale, the chief executive officer now owns 61,202 shares of the company’s stock, valued at approximately $7,295,890.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen L. Eastman sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the sale, the insider now directly owns 20,583 shares of the company’s stock, valued at approximately $2,472,841.62. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Polaris Stock Performance

Shares of Polaris stock opened at $101.83 on Friday. The firm has a market cap of $6.06 billion, a PE ratio of 23.68 and a beta of 1.56. The firm’s 50-day simple moving average is $114.32 and its 200-day simple moving average is $108.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.41 and a current ratio of 1.22. Polaris Inc. has a 1 year low of $94.24 and a 1 year high of $132.50.

Polaris (NYSE:PIIGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.36. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.17 billion. Polaris had a net margin of 3.27% and a return on equity of 41.72%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.70 EPS. Equities analysts forecast that Polaris Inc. will post 10.1 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.51%. Polaris’s dividend payout ratio (DPR) is presently 59.53%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PII. Robert W. Baird decreased their price target on shares of Polaris from $135.00 to $130.00 in a research report on Wednesday, July 27th. Jefferies Financial Group assumed coverage on shares of Polaris in a report on Tuesday, June 28th. They issued a “hold” rating and a $105.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.36.

Polaris Profile

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Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. 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; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

Further Reading

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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