Novare Capital Management LLC Has $4.23 Million Stake in Polaris Industries (PII)

Novare Capital Management LLC lowered its position in Polaris Industries (NYSE:PII) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,929 shares of the company’s stock after selling 492 shares during the period. Novare Capital Management LLC owned about 0.06% of Polaris Industries worth $4,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dynamic Advisors Solutions LLC raised its holdings in shares of Polaris Industries by 4.7% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 10,781 shares of the company’s stock valued at $1,337,000 after purchasing an additional 481 shares during the last quarter. Morse Asset Management Inc raised its holdings in shares of Polaris Industries by 5.1% in the fourth quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after purchasing an additional 500 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Polaris Industries by 2.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,503 shares of the company’s stock valued at $2,348,000 after purchasing an additional 500 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Polaris Industries by 2.4% in the first quarter. State Treasurer State of Michigan now owns 21,400 shares of the company’s stock valued at $2,451,000 after purchasing an additional 500 shares during the last quarter. Finally, Tredje AP fonden raised its holdings in shares of Polaris Industries by 4.6% in the first quarter. Tredje AP fonden now owns 12,340 shares of the company’s stock valued at $1,413,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Shares of Polaris Industries opened at $112.52 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.41. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Polaris Industries has a twelve month low of $82.77 and a twelve month high of $137.66.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.19. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.22 billion. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. analysts predict 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. Shareholders of record on Friday, June 1st will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a yield of 2.13%. Polaris Industries’s dividend payout ratio is presently 49.48%.

Several analysts have 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 reduced their price target on shares of Polaris Industries to $105.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b” rating in a research report on Tuesday, April 24th. Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $114.00 price target (up previously from $112.00) on shares of Polaris Industries in a research 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. Polaris Industries presently has a consensus rating of “Hold” and a consensus target price of $112.88.

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.

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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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