Advisory Services Network LLC boosted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 46.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,175 shares of the company’s stock after buying an additional 690 shares during the period. Advisory Services Network LLC’s holdings in Polaris Industries were worth $178,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock valued at $349,351,000 after buying an additional 1,555,422 shares during the last quarter. Southernsun Asset Management LLC increased its stake in Polaris Industries by 28.3% in the first quarter. Southernsun Asset Management LLC now owns 2,189,770 shares of the company’s stock valued at $215,649,000 after buying an additional 483,351 shares during the last quarter. Dividend Assets Capital LLC increased its stake in Polaris Industries by 7.7% in the second quarter. Dividend Assets Capital LLC now owns 957,666 shares of the company’s stock valued at $78,299,000 after buying an additional 68,306 shares during the last quarter. American Century Companies Inc. purchased a new stake in Polaris Industries during the second quarter valued at $69,813,000. Finally, Geode Capital Management LLC increased its stake in Polaris Industries by 14.0% in the first quarter. Geode Capital Management LLC now owns 480,365 shares of the company’s stock valued at $47,283,000 after buying an additional 59,146 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) traded up 1.34% on Monday, reaching $75.01. The company’s stock had a trading volume of 654,872 shares. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.95 and a beta of 1.47. Polaris Industries Inc. has a 1-year low of $67.80 and a 1-year high of $124.39. The stock has a 50-day moving average price of $80.12 and a 200-day moving average price of $87.81.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. Polaris Industries’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. On average, equities research analysts forecast that Polaris Industries Inc. will post $3.58 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Tuesday, August 30th. Polaris Industries’s dividend payout ratio is currently 38.19%.
Several analysts recently weighed in on PII shares. B. Riley restated a “neutral” rating and issued a $69.00 price objective on shares of Polaris Industries in a report on Sunday, September 18th. Lake Street Capital lifted their price objective on Polaris Industries from $85.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Wedbush cut their target price on Polaris Industries from $88.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 13th. Wells Fargo & Co. reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 20th. Finally, RBC Capital Markets set a $88.00 target price on Polaris Industries and gave the company a “hold” rating in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $83.60.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and global adjacent markets vehicles, together with the related parts, garments and accessories.
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