Keynote Financial Services LLC Purchases 761 Shares of Polaris Inc. (NYSE:PII)

Keynote Financial Services LLC grew its position in shares of Polaris Inc. (NYSE:PII) by 14.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,094 shares of the company’s stock after buying an additional 761 shares during the quarter. Keynote Financial Services LLC’s holdings in Polaris were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PII. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Bessemer Group Inc. increased its holdings in Polaris by 174.1% in the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Signaturefd LLC lifted its stake 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 purchased a new stake in shares of Polaris during the 2nd quarter valued at about $57,000. Finally, National Bank of Canada FI grew its stake in shares of Polaris by 27.9% in the second quarter. National Bank of Canada FI now owns 918 shares of the company’s stock worth $69,000 after acquiring an additional 200 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PII. BMO Capital Markets lowered their price objective on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Bank of America cut their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Robert W. Baird lowered their target price on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Roth Mkm cut their price target on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Trading Down 2.4 %

Polaris stock opened at $69.78 on Friday. Polaris Inc. has a 12-month low of $68.59 and a 12-month high of $100.91. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 7.40 and a beta of 1.52. The firm has a 50 day moving average of $79.24 and a 200 day moving average of $80.61. 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 announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. As a group, research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Polaris Company Profile

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.