Thrivent Financial For Lutherans boosted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,660 shares of the company’s stock after purchasing an additional 6,950 shares during the quarter. Thrivent Financial For Lutherans owned 0.19% of Polaris Industries worth $11,129,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in PII. Canada Pension Plan Investment Board raised its stake in Polaris Industries by 63.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,710 shares of the company’s stock valued at $562,000 after purchasing an additional 2,600 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Polaris Industries by 9.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 24,400 shares of the company’s stock valued at $2,045,000 after purchasing an additional 2,200 shares during the last quarter. World Asset Management Inc raised its stake in Polaris Industries by 13.7% during the 1st quarter. World Asset Management Inc now owns 4,556 shares of the company’s stock valued at $382,000 after purchasing an additional 549 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Polaris Industries by 11.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 151,609 shares of the company’s stock valued at $12,705,000 after purchasing an additional 15,281 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Polaris Industries in the 1st quarter valued at $1,367,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.
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Shares of Polaris Industries Inc. (NYSE PII) opened at 108.26 on Friday. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 45.28 and a beta of 1.30. The stock has a 50 day moving average of $94.27 and a 200 day moving average of $88.72. Polaris Industries Inc. has a 12-month low of $72.05 and a 12-month high of $108.35.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. Polaris Industries’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
PII has been the topic of several analyst reports. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. BidaskClub lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Wedbush reissued a “neutral” rating and issued a $75.00 price target on shares of Polaris Industries in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $91.54.
In related news, Director George W. Bilicic purchased 2,833 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the purchase, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the transaction, the senior vice president now directly owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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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