FORA Capital LLC Makes New Investment in Polaris Inc. (NYSE:PII)

FORA Capital LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,781 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently modified their holdings of the business. Kiltearn Partners LLP lifted its position in Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after acquiring an additional 92,300 shares during the period. Tidal Investments LLC bought a new position in shares of Polaris during the first quarter valued at approximately $1,065,000. Victory Capital Management Inc. lifted its holdings in shares of Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock valued at $3,643,000 after purchasing an additional 27,375 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new stake in shares of Polaris in the 2nd quarter worth approximately $757,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after buying an additional 96,194 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PII. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a research note on Thursday. Robert W. Baird dropped 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. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, DA Davidson dropped their target price on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Stock Up 1.2 %

PII stock opened at $69.10 on Friday. Polaris Inc. has a 1-year low of $64.56 and a 1-year high of $100.91. The business has a fifty day moving average price of $74.97 and a 200-day moving average price of $78.77. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $3.85 billion, a P/E ratio of 19.30, a P/E/G ratio of 7.13 and a beta of 1.52.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.