Polaris Inc. (NYSE:PII) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Polaris Inc. (NYSE:PIIGet the Badge) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,226,951 shares of the company’s stock after selling 233,345 shares during the period. The Manufacturers Life Insurance Company owned about 3.84% of Polaris worth $213,008,000 at the end of the most recent reporting period.

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Many other investment institutions have also revised their stock prices. Quadrant Capital Group LLC increased its stake in shares of Polaris by 47.8% in the second quarter. Quadrant Capital Group LLC now owns 306 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. CWM LLC grew its holdings in shares of Polaris by 15.7% in the second quarter. CWM LLC now owns 802 shares of the company’s stock valued at $80,000 after purchasing an additional 109 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Polaris by 0.3% in the second quarter. Texas Permanent School Fund now owns 40,554 shares of the company’s stock valued at $4,026,000 after purchasing an additional 115 shares during the last quarter. Raymond James Trust NA increased its stake in shares of Polaris by 2.5% in the second quarter. Raymond James Trust NA now owns 5,135 shares of the company’s stock valued at $510,000 after buying an additional 125 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in shares of Polaris by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 26,946 shares of the company’s stock valued at $2,675,000 after buying an additional 128 shares in the last quarter. Private investors and hedge funds own 86.57% of the company’s stock.

Change Classification

A number of analysts recently weighed in on the company. Northcoast Research lowered Polaris from a “buy” rating to a “neutral” rating in a research note on Friday, January 13th. Citigroup set a $112.00 target price on Polaris in a research report on Wednesday, November 23rd. StockNews.com upgraded Polaris from a “hold” rating to a “buy” rating in a research report on Friday, January 6th. DA Davidson reduced their price target on Polaris from $101.00 to $90.00 in a research report on Wednesday, October 26th. Finally, Robert W. Baird reduced their price target on Polaris from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, October 6th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating to the stock. and one that gave a strong buy to the stock. According to MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a target price of $114.00.

Polaris Stock Performance

NYSE PII opened at $102.07 on Friday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 18.36 and a beta of 1.54. The business has a fifty-day moving average of $106.60 and a 200-day moving average of $107.77. Polaris Inc. the fifty-two week low is $91.86 and the fifty-two week high is $127.37. The company has a quick ratio of 0.41, a current ratio of 1.28 and a debt-to-equity ratio of 1.55.

Polaris (NYSE:PIIGet the Badge) last reported its earnings on Tuesday, October 25th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.85 by $0.40. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.19 billion. Polaris had a return on equity of 50.01% and a margin of 3.97%. As a group, analysts predict that Polaris Inc. 10.2 earnings per share for the current fiscal year.

Polaris has announced the dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a $0.64 dividend. The distribution date of this dividend is Wednesday, November 30th. The annual dividend is $2.56 and yields 2.51%. Polaris’ current payout ratio is 46.04%.

Polaris Company Information

(Get the Badge)

Polaris Inc designs, engineers, manufactures, and markets power vehicles worldwide. It operates in three categories: Off-Road, On-Road and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and sidecars; snowmobile and snowmobile conversion kit systems; motorcycle; and low engine, light truck, passenger, and commercial vehicles.

Special Issue

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Corporate Governance Quarterly for Polaris (NYSE:PII)

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