Polaris (NYSE:PII) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Polaris Inc. (NYSE:PII) saw unusually-high trading volume on Tuesday . Approximately 504,563 shares traded hands during trading, a decline of 29% from the previous session’s volume of 714,784 shares.The stock last traded at $75.10 and had previously closed at $80.19.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PII shares. KeyCorp cut their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets dropped their target price on Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their price objective on Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. DA Davidson upgraded Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Thursday, July 25th. Finally, StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $89.18.

Polaris Trading Down 9.9 %

The firm has a 50 day moving average price of $82.43 and a two-hundred day moving average price of $82.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The firm has a market capitalization of $4.03 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 7.59 and a beta of 1.51.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business earned $2.42 EPS. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. On average, equities research analysts expect that Polaris Inc. will post 3.66 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.65%. Polaris’s dividend payout ratio is currently 46.23%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. New England Capital Financial Advisors LLC acquired a new position in Polaris during the 1st quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 389 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock worth $37,000 after purchasing an additional 235 shares in the last quarter. Signaturefd LLC boosted its stake in Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock valued at $51,000 after buying an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Polaris during the second quarter valued at about $57,000. 88.06% of the stock is owned by institutional investors.

About Polaris

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.