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

Osaic Holdings Inc. increased its stake in Polaris Inc. (NYSE:PII) by 43.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,558 shares of the company’s stock after buying an additional 12,837 shares during the period. Osaic Holdings Inc. owned 0.08% of Polaris worth $1,733,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other news, SVP James P. Williams sold 4,554 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $67.53, for a total transaction of $307,531.62. Following the completion of the sale, the senior vice president owned 43,878 shares of the company’s stock, valued at $2,963,081.34. The trade was a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.12% of the stock is currently owned by insiders.

Polaris Trading Down 1.6%

Shares of NYSE:PII opened at $65.18 on Tuesday. The stock’s 50-day simple moving average is $66.40 and its two-hundred day simple moving average is $58.13. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -24.60 and a beta of 1.12. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $75.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.36 and a current ratio of 1.02.

Polaris (NYSE:PII) last issued its quarterly earnings data 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 firm 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, December 1st. Polaris’s dividend payout ratio (DPR) is currently -101.13%.

Wall Street Analyst Weigh In

PII has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on shares of Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 price objective on shares of Polaris in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Robert W. Baird increased their price objective on Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Polaris presently has an average rating of “Hold” and an average price target of $55.25.

Polaris Profile

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.