Koch Industries Inc. acquired a new position in shares of Polaris Industries Inc. (NYSE:PII) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,416 shares of the company’s stock, valued at approximately $300,000.
Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Polaris Industries by 2.4% during the third quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock worth $26,225,000 after acquiring an additional 5,894 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Polaris Industries during the fourth quarter worth approximately $5,275,000. SG Americas Securities LLC lifted its position in Polaris Industries by 203.1% during the fourth quarter. SG Americas Securities LLC now owns 33,898 shares of the company’s stock worth $4,203,000 after acquiring an additional 22,715 shares during the last quarter. AGF Investments Inc. acquired a new stake in Polaris Industries during the third quarter worth approximately $7,952,000. Finally, King Luther Capital Management Corp lifted its position in Polaris Industries by 16.9% during the third quarter. King Luther Capital Management Corp now owns 33,364 shares of the company’s stock worth $3,491,000 after acquiring an additional 4,814 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.
Several equities research analysts have issued reports on PII shares. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Wells Fargo & Co upgraded shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $144.00 price target (up from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Stephens set a $133.00 price target on shares of Polaris Industries and gave the company a “hold” rating in a research report on Friday, January 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $119.00 price target (up from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.50.
Shares of Polaris Industries Inc. (NYSE:PII) opened at $120.74 on Wednesday. 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 Inc. has a 1 year low of $77.91 and a 1 year high of $137.66. The firm has a market cap of $7,561.35, a P/E ratio of 44.88, a PEG ratio of 1.31 and a beta of 1.20.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the consensus estimate of $1.47. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. analysts predict that Polaris Industries Inc. will post 6.12 EPS for the current year.
The company 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 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s payout ratio is currently 89.22%.
Polaris Industries Company 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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