Pacer Advisors Inc. Buys New Position in Polaris Inc. $PII

Pacer Advisors Inc. purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 393,149 shares of the company’s stock, valued at approximately $22,854,000. Pacer Advisors Inc. owned approximately 0.70% of Polaris at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in Polaris during the 3rd quarter worth $26,000. Parkside Financial Bank & Trust boosted its holdings in Polaris by 371.4% during the second quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock worth $28,000 after purchasing an additional 546 shares during the last quarter. EMC Capital Management purchased a new position in Polaris during the second quarter worth about $36,000. Huntington National Bank grew its position in Polaris by 218.0% in the 2nd quarter. Huntington National Bank now owns 1,062 shares of the company’s stock worth $43,000 after purchasing an additional 728 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Polaris by 39.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock valued at $57,000 after buying an additional 397 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Insider Activity at Polaris

In related news, SVP James P. Williams sold 4,554 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $67.53, for a total value of $307,531.62. Following the completion of the transaction, the senior vice president directly owned 43,878 shares of the company’s stock, valued at approximately $2,963,081.34. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.12% of the company’s stock.

Polaris Stock Performance

Shares of PII opened at $66.21 on Friday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $75.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.36. The stock’s fifty day moving average price is $66.44 and its two-hundred day moving average price is $57.75. The firm has a market cap of $3.72 billion, a PE ratio of -24.98 and a beta of 1.12.

Polaris (NYSE:PII) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, December 1st. Polaris’s dividend payout ratio is presently -101.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a $70.00 target price on shares of Polaris in a research note on Wednesday, October 29th. Royal Bank Of Canada lifted their price target on Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Citigroup raised their target price on Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.25.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.