TIAA CREF Investment Management LLC boosted its position in Polaris Industries Inc. (NYSE:PII) by 280.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,346 shares of the company’s stock after buying an additional 309,159 shares during the quarter. TIAA CREF Investment Management LLC owned 0.67% of Polaris Industries worth $51,995,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Calton & Associates Inc. acquired a new position in Polaris Industries in the 4th quarter worth $112,000. Gradient Investments LLC acquired a new position in Polaris Industries in the 4th quarter worth $113,000. Delpha Capital Management LLC acquired a new position in Polaris Industries in the 4th quarter worth $120,000. NuWave Investment Management LLC acquired a new position in Polaris Industries in the 4th quarter worth $123,000. Finally, Assetmark Inc. lifted its holdings in Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after buying an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
A number of equities analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $105.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Wedbush boosted their price objective on shares of Polaris Industries from $112.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Citigroup cut their target price 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 lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada upgraded shares of Polaris Industries to a “sector perform” rating and set a $113.00 target price on the stock in a research note on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $112.50.
Shares of Polaris Industries stock opened at $120.70 on Thursday. The firm has a market cap of $7,562.61, a PE ratio of 24.78, a P/E/G ratio of 1.31 and a beta of 1.20. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $137.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting the consensus estimate of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. Polaris Industries’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. analysts expect that Polaris Industries Inc. will post 6.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.60 per share. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.40 annualized dividend and a yield of 1.99%. Polaris Industries’s dividend payout ratio is 89.22%.
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About Polaris Industries
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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