Benjamin Edwards Inc. Raises Stock Holdings in Polaris Inc. (NYSE:PII)

by · The Cerbat Gem

Benjamin Edwards Inc. boosted its stake in shares of Polaris Inc. (NYSE:PII – Free Report) by 8,867.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,938 shares of the company’s stock after acquiring an additional 63,225 shares during the quarter. Benjamin Edwards Inc.’s holdings in Polaris were worth $5,322,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares during the period. Blue Trust Inc. lifted its stake in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after acquiring an additional 389 shares in the last quarter. Signaturefd LLC boosted its holdings in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after acquiring an additional 618 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Polaris in the 2nd quarter valued at about $57,000. Finally, National Bank of Canada FI increased its stake in Polaris by 27.9% during the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after purchasing an additional 200 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Down 0.6 %

PII opened at $67.44 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The company has a market cap of $3.76 billion, a P/E ratio of 18.84, a PEG ratio of 7.09 and a beta of 1.51. The business’s 50-day simple moving average is $74.37 and its 200-day simple moving average is $78.41.

Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion during 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 for the quarter was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 earnings per share. As a group, equities research analysts expect that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.91%. Polaris’s dividend payout ratio is presently 73.74%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PII shares. DA Davidson lowered their price objective 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, November 28th. KeyCorp cut their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lowered their target price on Polaris from $85.00 to $84.00 and set an “outperform” 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.09.

Get Our Latest Stock Analysis on PII

Polaris Profile

(Free Report)

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.

See Also

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