Tiemann Investment Advisors LLC cut its holdings in Polaris Industries Inc. (NYSE:PII) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,250 shares of the company’s stock after selling 2,575 shares during the period. Polaris Industries accounts for 1.3% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. Tiemann Investment Advisors LLC’s holdings in Polaris Industries were worth $1,643,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Polaris Industries by 2.7% in the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after acquiring an additional 142,737 shares during the period. The Manufacturers Life Insurance Company raised its position in Polaris Industries by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after acquiring an additional 202,244 shares during the period. Janus Henderson Group PLC raised its position in Polaris Industries by 6.2% in the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after acquiring an additional 148,734 shares during the period. Bank of New York Mellon Corp raised its position in shares of Polaris Industries by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock valued at $94,076,000 after purchasing an additional 42,596 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Polaris Industries by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 472,552 shares of the company’s stock valued at $58,554,000 after purchasing an additional 10,183 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.
Several analysts have recently commented on the stock. Stephens set a $133.00 price objective on shares of Polaris Industries and gave the company a “hold” rating in a research report on Friday, January 19th. Sanford C. Bernstein restated a “market perform” rating and set a $144.00 price objective (up from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Citigroup decreased their price objective on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. 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. Finally, Wedbush restated a “neutral” rating and set a $119.00 price objective (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 given a buy rating to the company’s stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $112.50.
Polaris Industries Inc. (NYSE PII) opened at $118.87 on Thursday. The firm has a market cap of $7,613.69, a price-to-earnings ratio of 44.19, a P/E/G ratio of 1.31 and a beta of 1.20. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week 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 posted its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.97 earnings per share. equities analysts predict that Polaris Industries Inc. will post 6.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.02%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, February 28th. Polaris Industries’s dividend payout ratio (DPR) is presently 89.22%.
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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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