First Trust Advisors LP lifted its stake in Polaris Industries Inc. (NYSE:PII) by 219.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,322 shares of the company’s stock after buying an additional 37,296 shares during the period. First Trust Advisors LP owned about 0.09% of Polaris Industries worth $6,735,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PII. Morse Asset Management Inc boosted its position in shares of Polaris Industries by 5.1% during the fourth quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock worth $1,274,000 after purchasing an additional 500 shares in the last quarter. Pennsylvania Trust Co raised its holdings in shares of Polaris Industries by 2.1% during the fourth quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock worth $3,112,000 after acquiring an additional 525 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Polaris Industries by 0.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 89,641 shares of the company’s stock worth $9,379,000 after acquiring an additional 530 shares during the period. Commerce Bank raised its holdings in shares of Polaris Industries by 23.2% during the third quarter. Commerce Bank now owns 3,413 shares of the company’s stock worth $358,000 after acquiring an additional 642 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Polaris Industries by 4.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 20,434 shares of the company’s stock worth $2,534,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.
Several equities research analysts have issued reports on PII shares. Wells Fargo & Co upgraded shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Citigroup lowered their price target on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Friday, February 2nd. B. Riley restated a “hold” rating and set a $118.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada raised shares of Polaris Industries to a “sector perform” rating and set a $113.00 target price for the company in a report on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.50.
Polaris Industries Inc. (NYSE:PII) traded down $1.87 during midday trading on Wednesday, reaching $118.87. 434,210 shares of the company were exchanged, compared to its average volume of 770,350. Polaris Industries Inc. has a 1-year low of $77.91 and a 1-year high of $137.66. The stock has a market capitalization of $7,610.00, a P/E ratio of 33.48, a PEG ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the consensus estimate of $1.47. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. research analysts predict that Polaris Industries Inc. will post 6.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.60 per share. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, February 28th. Polaris Industries’s payout ratio is presently 67.61%.
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Polaris Industries Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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