Truvestments Capital LLC Invests $181,000 in Polaris Inc. (NYSE:PII)

Truvestments Capital LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,172 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors also recently bought and sold shares of the company. Confluence Investment Management LLC increased its stake in shares of Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock worth $86,516,000 after acquiring an additional 6,724 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares during the period. American Century Companies Inc. increased its position in Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after purchasing an additional 292,992 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Polaris by 11.1% during the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock worth $28,116,000 after buying an additional 35,952 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Down 5.2 %

PII opened at $67.51 on Wednesday. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91. The firm has a 50 day moving average price of $75.96 and a 200 day moving average price of $79.06. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The company has a market cap of $3.77 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 7.44 and a beta of 1.52.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $2.71 EPS. Polaris’s revenue was down 23.4% on a year-over-year basis. Sell-side analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. KeyCorp cut their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Robert W. Baird reduced their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, DA Davidson decreased their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.09.

Polaris 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.