Flinton Capital Management LLC increased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 94.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,784 shares of the company’s stock after acquiring an additional 6,222 shares during the period. Flinton Capital Management LLC’s holdings in Polaris Industries were worth $1,585,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PII. First Trust Advisors LP lifted its position in Polaris Industries by 11.4% during the 3rd quarter. First Trust Advisors LP now owns 17,026 shares of the company’s stock worth $1,781,000 after acquiring an additional 1,749 shares in the last quarter. Principal Financial Group Inc. lifted its position in Polaris Industries by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock worth $26,225,000 after acquiring an additional 5,894 shares in the last quarter. Swiss National Bank lifted its position in Polaris Industries by 0.8% during the 3rd quarter. Swiss National Bank now owns 220,000 shares of the company’s stock worth $23,019,000 after acquiring an additional 1,800 shares in the last quarter. New York State Common Retirement Fund lifted its position in Polaris Industries by 7.5% during the 3rd quarter. New York State Common Retirement Fund now owns 138,900 shares of the company’s stock worth $14,533,000 after acquiring an additional 9,700 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Polaris Industries by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after acquiring an additional 1,793 shares in the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Industries Inc. (PII) opened at $123.13 on Friday. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week high of $137.66. The stock has a market capitalization of $7,495.77, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $0.97 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. equities research analysts anticipate that Polaris Industries Inc. will post 6.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, February 28th. Polaris Industries’s payout ratio is 89.22%.
Several research firms recently commented on PII. Stephens set a $133.00 price target on Polaris Industries and gave the stock a “hold” rating in a research report on Friday, January 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $144.00 price target (up from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Citigroup reduced their price target on 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 raised Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $119.00 target price (up from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus 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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