Polaris Inc. $PII Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in shares of Polaris Inc. (NYSE:PII) by 82.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,350 shares of the company’s stock after selling 15,330 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Polaris were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Traub Capital Management LLC purchased a new stake in shares of Polaris during the second quarter worth about $83,000. Frank Rimerman Advisors LLC purchased a new stake in Polaris during the 2nd quarter worth approximately $607,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Polaris by 5.0% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,242 shares of the company’s stock valued at $2,205,000 after acquiring an additional 2,580 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Polaris in the second quarter valued at approximately $1,693,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Polaris in the second quarter worth approximately $655,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Up 2.1%

Shares of NYSE:PII opened at $64.92 on Tuesday. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $75.25. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -24.50 and a beta of 1.09. The business has a 50-day moving average price of $63.33 and a 200 day moving average price of $53.27. The company has a current ratio of 1.02, a quick ratio of 0.37 and a debt-to-equity ratio of 1.13.

Polaris (NYSE:PII) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.1%. Polaris’s payout ratio is presently -101.13%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group increased their price objective on Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Wall Street Zen upgraded shares of Polaris from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Loop Capital began coverage on shares of Polaris in a research note on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price on the stock. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Citigroup lifted their price objective on Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.25.

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.