State of Wisconsin Investment Board cut its position in shares of Polaris Industries Inc. (NYSE:PII) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,073 shares of the company’s stock after selling 1,054 shares during the period. State of Wisconsin Investment Board owned approximately 0.34% of Polaris Industries worth $26,419,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of PII. Calton & Associates Inc. purchased a new stake in shares of Polaris Industries in the 4th quarter valued at approximately $112,000. Gradient Investments LLC purchased a new stake in shares of Polaris Industries in the 4th quarter valued at approximately $113,000. NuWave Investment Management LLC acquired a new position in shares of Polaris Industries in the fourth quarter valued at approximately $123,000. TD Asset Management Inc. acquired a new position in shares of Polaris Industries in the third quarter valued at approximately $222,000. Finally, First Mercantile Trust Co. acquired a new position in shares of Polaris Industries in the fourth quarter valued at approximately $222,000. 85.15% of the stock is currently owned by institutional investors.
Shares of Polaris Industries Inc. (PII) traded down $1.87 during trading on Wednesday, reaching $118.87. 434,210 shares of the company’s stock were exchanged, compared to its average volume of 770,350. The stock has a market cap of $7,610.00, a P/E ratio of 33.48, a P/E/G ratio of 1.31 and a beta of 1.20. 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 Inc. has a 52 week low of $77.91 and a 52 week high of $137.66.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.47. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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 firm earned $0.97 EPS. equities analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is currently 67.61%.
A number of research analysts recently weighed in on PII shares. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Saturday, January 20th. Citigroup lowered their price target on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Stephens set a $133.00 price target on shares of Polaris Industries and gave the stock a “hold” rating in a report on Friday, January 19th. B. Riley reiterated a “hold” rating and set a $118.00 price target on shares of Polaris Industries in a report on Wednesday, January 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $105.00 price target on shares of Polaris Industries in a report on Wednesday, January 31st. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $112.50.
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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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