Polaris Inc. (NYSE:PII) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in Polaris Inc. (NYSE:PII) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 16,484 shares of the company’s stock after purchasing an additional 465 shares during the quarter. Toronto Dominion Bank’s holdings in Polaris were worth $1,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PII. Kiltearn Partners LLP lifted its holdings in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after buying an additional 92,300 shares during the period. FMR LLC grew its holdings in Polaris by 22.0% during the third quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after acquiring an additional 24,103 shares during the period. Quantinno Capital Management LP raised its position in Polaris by 545.1% in the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock worth $2,231,000 after acquiring an additional 22,648 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Polaris by 167.1% in the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock valued at $3,643,000 after acquiring an additional 27,375 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Polaris by 8,867.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock valued at $5,322,000 after purchasing an additional 63,225 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Down 3.1 %

NYSE:PII opened at $61.16 on Tuesday. The business’s fifty day moving average price is $70.71 and its 200 day moving average price is $77.17. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 6.59 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris Inc. has a 1-year low of $60.69 and a 1-year high of $100.91.

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

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.66 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.32%. Polaris’s payout ratio is 73.74%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PII shares. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Robert W. Baird dropped their price target 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 reduced their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. KeyCorp cut their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock 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 for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

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.