Riggs Asset Managment Co. Inc. reduced its stake in shares of Polaris Industries Inc. (NYSE:PII) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,800 shares of the company’s stock after selling 200 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Polaris Industries were worth $311,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of PII. PGGM Investments boosted its stake in Polaris Industries by 116.2% in the second quarter. PGGM Investments now owns 392,021 shares of the company’s stock valued at $32,052,000 after buying an additional 210,736 shares during the last quarter. Raub Brock Capital Management LP boosted its stake in Polaris Industries by 12.9% in the second quarter. Raub Brock Capital Management LP now owns 135,358 shares of the company’s stock valued at $11,067,000 after buying an additional 15,495 shares during the last quarter. Geode Capital Management LLC boosted 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. Metropolitan Life Insurance Co. NY boosted its stake in Polaris Industries by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,971 shares of the company’s stock valued at $5,709,000 after buying an additional 1,071 shares during the last quarter. Finally, Dividend Assets Capital LLC boosted 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. Institutional investors and hedge funds own 88.27% of the company’s stock.
Polaris Industries Inc. (NYSE:PII) traded up 0.45% during trading on Friday, hitting $75.79. 714,450 shares of the stock were exchanged. Polaris Industries Inc. has a 52 week low of $67.80 and a 52 week high of $124.39. The stock has a market cap of $4.86 billion, a P/E ratio of 13.09 and a beta of 1.46. The stock has a 50 day moving average of $78.15 and a 200-day moving average of $87.23.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 earnings per share. Equities analysts expect that Polaris Industries Inc. will post $3.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.90%. The ex-dividend date was Tuesday, August 30th. Polaris Industries’s dividend payout ratio is presently 38.19%.
Several research firms have weighed in on PII. Royal Bank Of Canada upped their target price on Polaris Industries from $84.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Sanford C. Bernstein began coverage on Polaris Industries in a research note on Thursday, September 8th. They set a “market perform” rating and a $87.00 target price for the company. Zacks Investment Research cut Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. KeyCorp cut Polaris Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 12th. Finally, RBC Capital Markets restated a “hold” rating and set a $88.00 target price on shares of Polaris Industries in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.60.
About Polaris Industries
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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