Robeco Institutional Asset Management B.V. grew its stake in Polaris Industries (NYSE:PII) by 31.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,193 shares of the company’s stock after buying an additional 11,141 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Polaris Industries worth $5,291,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in shares of Polaris Industries in the 4th quarter valued at $112,000. Gradient Investments LLC purchased a new stake in shares of Polaris Industries in the 4th quarter valued at $113,000. Delpha Capital Management LLC purchased a new stake in shares of Polaris Industries in the 4th quarter valued at $120,000. NuWave Investment Management LLC bought a new stake in Polaris Industries during the 4th quarter valued at $123,000. Finally, Assetmark Inc. raised its holdings in Polaris Industries by 1,097.8% during the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after buying an additional 988 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets lowered their price target on shares of Polaris Industries to $105.00 and set a “market perform” rating for the company in a report on Friday, April 27th. TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th. Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a report on Friday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $114.00 price target (up from $112.00) on shares of Polaris Industries in a report on Friday, April 13th. Fifteen 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 presently has a consensus rating of “Hold” and an average price target of $112.88.
NYSE:PII opened at $112.52 on Monday. The stock has a market capitalization of $7.11 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. The company has a current ratio of 1.24, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. Polaris Industries has a 1-year low of $82.77 and a 1-year high of $137.66.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. analysts forecast that Polaris Industries will post 6.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 31st. Polaris Industries’s dividend payout ratio is presently 49.48%.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries (NYSE:PII).
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.