Kiltearn Partners LLP Buys 92,300 Shares of Polaris Inc. (NYSE:PII)

Kiltearn Partners LLP raised its stake in shares of Polaris Inc. (NYSE:PII) by 147.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,700 shares of the company’s stock after purchasing an additional 92,300 shares during the period. Polaris accounts for 1.8% of Kiltearn Partners LLP’s portfolio, making the stock its 23rd largest holding. Kiltearn Partners LLP’s holdings in Polaris were worth $12,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. grew its position in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares during the last quarter. Bessemer Group Inc. increased 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 during the period. Signaturefd LLC increased its holdings in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Polaris during the second quarter worth about $57,000. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PII. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Robert W. Baird reduced their price objective on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. KeyCorp decreased their price objective 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 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.09.

Polaris Price Performance

PII opened at $67.51 on Wednesday. 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 company’s 50 day simple moving average is $75.96 and its 200-day simple moving average is $79.06. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The stock has a market capitalization of $3.77 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 7.44 and a beta of 1.52.

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

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

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.