Osaic Holdings Inc. Buys 12,837 Shares of Polaris Inc. $PII

Osaic Holdings Inc. lifted its stake in shares of Polaris Inc. (NYSE:PII) by 43.2% in the second quarter, HoldingsChannel reports. The fund owned 42,558 shares of the company’s stock after acquiring an additional 12,837 shares during the period. Osaic Holdings Inc.’s holdings in Polaris were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in Polaris by 371.4% during the second quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock valued at $28,000 after purchasing an additional 546 shares in the last quarter. EMC Capital Management bought a new stake in shares of Polaris during the 2nd quarter valued at $36,000. Huntington National Bank lifted its stake in shares of Polaris by 218.0% during the 2nd quarter. Huntington National Bank now owns 1,062 shares of the company’s stock valued at $43,000 after buying an additional 728 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Polaris by 39.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock worth $57,000 after buying an additional 397 shares during the period. Finally, UMB Bank n.a. increased its stake in Polaris by 79.0% in the 2nd quarter. UMB Bank n.a. now owns 1,441 shares of the company’s stock worth $59,000 after buying an additional 636 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Insider Activity

In related news, SVP James P. Williams sold 4,554 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $67.53, for a total value of $307,531.62. Following the completion of the transaction, the senior vice president owned 43,878 shares of the company’s stock, valued at approximately $2,963,081.34. This trade represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.12% of the company’s stock.

Polaris Stock Down 1.6%

NYSE PII opened at $65.18 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.36 and a current ratio of 1.02. The company has a market capitalization of $3.67 billion, a P/E ratio of -24.60 and a beta of 1.12. Polaris Inc. has a one year low of $30.92 and a one year high of $75.25. The stock has a 50 day moving average price of $66.40 and a 200-day moving average price of $58.13.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. Polaris’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.67 dividend. The ex-dividend date was 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 -101.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Roth Capital boosted their price objective on Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $70.00 price target on shares of Polaris in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Citigroup boosted their target price on shares of Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada raised their target price on shares of Polaris from $56.00 to $67.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus price target of $55.25.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.