FORA Capital LLC Purchases Shares of 2,781 Polaris Inc. (NYSE:PII)

FORA Capital LLC purchased a new stake in Polaris Inc. (NYSE:PII) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,781 shares of the company’s stock, valued at approximately $231,000.

Several other large investors have also recently bought and sold shares of PII. American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris during the 2nd quarter worth $15,363,000. RWWM Inc. lifted its holdings in shares of Polaris by 192.3% during the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after acquiring an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after acquiring an additional 171,366 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after acquiring an additional 96,194 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

PII stock opened at $69.10 on Friday. The firm’s 50-day moving average price is $74.97 and its two-hundred day moving average price is $78.77. Polaris Inc. has a 12-month low of $64.56 and a 12-month high of $100.91. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 7.13 and a beta of 1.52. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28.

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

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

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