Traub Capital Management LLC Makes New Investment in Polaris Inc. $PII

Traub Capital Management LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,045 shares of the company’s stock, valued at approximately $83,000.

A number of other hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its holdings in Polaris by 371.4% in the second quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock valued at $28,000 after acquiring an additional 546 shares during the period. Huntington National Bank grew its position in Polaris by 218.0% during the second quarter. Huntington National Bank now owns 1,062 shares of the company’s stock valued at $43,000 after buying an additional 728 shares during the period. Fifth Third Bancorp increased its holdings in Polaris by 39.9% in the second quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock valued at $57,000 after buying an additional 397 shares in the last quarter. UMB Bank n.a. raised its position in shares of Polaris by 79.0% in the second quarter. UMB Bank n.a. now owns 1,441 shares of the company’s stock worth $59,000 after acquiring an additional 636 shares during the period. Finally, Opal Wealth Advisors LLC boosted its stake in shares of Polaris by 91.4% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,638 shares of the company’s stock worth $67,000 after acquiring an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PII. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price target on shares of Polaris in a report on Wednesday, October 29th. Robert W. Baird upped their target price on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research report on Wednesday, October 8th. UBS Group upped their price objective on shares of Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, Loop Capital initiated coverage on shares of Polaris in a research report on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $55.25.

Polaris Trading Down 0.9%

Shares of Polaris stock opened at $62.19 on Thursday. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $75.25. The stock has a 50 day moving average of $63.09 and a 200 day moving average of $52.54. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -23.47 and a beta of 1.09. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.37 and a current ratio of 1.02.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given 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 yield of 4.3%. Polaris’s payout ratio is presently -101.13%.

About Polaris

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.