Guggenheim Capital LLC Reduces Stock Position in Polaris Inc. (NYSE:PII)

Guggenheim Capital LLC lessened its stake in Polaris Inc. (NYSE:PII – Get Rating) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 12,373 shares of the company’s stock after selling 115 shares during the period. Guggenheim Capital LLC’s holdings in Polaris were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Polaris by 47.8% in the second quarter. Quadrant Capital Group LLC now owns 306 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Polaris by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 40,554 shares of the company’s stock worth $4,026,000 after acquiring an additional 115 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Polaris by 4.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,075 shares of the company’s stock valued at $305,000 after acquiring an additional 140 shares during the period. IFP Advisors Inc increased its stake in shares of Polaris by 14.7% in the 3rd quarter. IFP Advisors Inc now owns 1,130 shares of the company’s stock worth $113,000 after purchasing an additional 145 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Polaris by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,538 shares of the company’s stock worth $353,000 after purchasing an additional 162 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Polaris

In other news, SVP Dougherty Lucy Clark sold 10,626 shares of the company’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.00, for a total transaction of $1,221,990.00. Following the sale, the senior vice president now directly owns 12,282 shares in the company, valued at approximately $1,412,430. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James boosted their price target on Polaris from $123.00 to $130.00 and gave the company a “strong-buy” rating in a report on Wednesday, February 1st. Citigroup increased their target price on shares of Polaris from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. DA Davidson lifted their price target on shares of Polaris from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. MKM Partners began coverage on shares of Polaris in a research note on Tuesday, November 29th. They issued a “neutral” rating and a $117.00 price objective for the company. Finally, StockNews.com raised shares of Polaris from a “hold” rating to a “buy” rating in a report on Saturday, February 4th. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.56.

Polaris Trading Down 0.5 %

Shares of Polaris stock opened at $115.11 on Tuesday. Polaris Inc. has a twelve month low of $91.86 and a twelve month high of $123.87. The company has a quick ratio of 0.37, a current ratio of 1.19 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $110.20 and a 200-day moving average price of $107.79. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 15.35 and a beta of 1.61.

Polaris (NYSE:PII – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The company reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Polaris had a return on equity of 57.76% and a net margin of 5.10%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS. Equities research analysts anticipate that Polaris Inc. will post 10.24 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.65 per share. This is an increase from Polaris’s previous quarterly dividend of $0.64. The ex-dividend date is Tuesday, February 28th. This represents a $2.60 dividend on an annualized basis and a yield of 2.26%. Polaris’s dividend payout ratio is presently 34.67%.

Polaris Profile

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Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments: Off-Road, On-Road, and Marine. The Off-Road segment includes ORVs and snowmobile. The On Road segment involves the design and manufacture of motorcycles, moto-roadsters, light duty hauling, and passenger vehicles.