Polaris Inc. (NYSE:PII) Shares Purchased by Lantz Financial LLC

Lantz Financial LLC boosted its stake in Polaris Inc. (NYSE:PII) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,616 shares of the company’s stock after purchasing an additional 1,746 shares during the period. Lantz Financial LLC’s holdings in Polaris were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Polaris in the 3rd quarter valued at about $12,670,000. Weiss Asset Management LP acquired a new position in Polaris in the 3rd quarter valued at about $10,844,000. Dimensional Fund Advisors LP increased its stake in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. Finally, Kiltearn Partners LLP lifted its position in shares of Polaris by 147.9% during the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PII shares. Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Citigroup dropped their price target on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating for the company in a research note on Thursday. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Roth Mkm lowered their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday. Finally, StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.45.

Polaris Stock Performance

Shares of PII opened at $53.80 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris Inc. has a 52-week low of $52.62 and a 52-week high of $100.91. The stock has a 50 day moving average price of $60.62 and a 200 day moving average price of $72.86. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The firm’s revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. Research analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

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.