Papp L Roy & Associates lowered its stake in shares of Polaris Industries Inc. (NYSE:PII) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 21,173 shares of the company’s stock after selling 1,480 shares during the period. Papp L Roy & Associates’ holdings in Polaris Industries were worth $1,731,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Polaris Industries during the fourth quarter valued at approximately $49,347,000. Commonwealth Equity Services Inc raised its position in shares of Polaris Industries by 22.6% in the first quarter. Commonwealth Equity Services Inc now owns 9,828 shares of the company’s stock worth $968,000 after buying an additional 1,811 shares during the period. Aperio Group LLC raised its position in shares of Polaris Industries by 57.0% in the first quarter. Aperio Group LLC now owns 25,210 shares of the company’s stock worth $2,483,000 after buying an additional 9,152 shares during the period. IFP Advisors Inc raised its position in shares of Polaris Industries by 52.5% in the first quarter. IFP Advisors Inc now owns 3,954 shares of the company’s stock worth $389,000 after buying an additional 1,362 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Polaris Industries during the first quarter worth about $3,087,000. 88.26% of the stock is owned by institutional investors.
Polaris Industries Inc. (NYSE:PII) traded up 0.08% during trading on Monday, hitting $77.50. 1,030,610 shares of the stock were exchanged. The stock has a 50 day moving average price of $82.93 and a 200-day moving average price of $88.63. The firm has a market capitalization of $4.97 billion, a PE ratio of 13.38 and a beta of 1.47. Polaris Industries Inc. has a 12-month low of $67.80 and a 12-month high of $124.39.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. Polaris Industries’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. On average, equities research analysts anticipate that Polaris Industries Inc. will post $3.70 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Tuesday, August 30th. Polaris Industries’s dividend payout ratio is currently 38.19%.
A number of brokerages recently issued reports on PII. B. Riley reissued a “neutral” rating and issued a $98.00 price objective on shares of Polaris Industries in a report on Monday, July 25th. BMO Capital Markets reissued a “hold” rating on shares of Polaris Industries in a report on Sunday, July 17th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Polaris Industries in a report on Tuesday, July 12th. Zacks Investment Research lowered Polaris Industries from a “hold” rating to a “sell” rating in a report on Thursday, June 23rd. Finally, KeyCorp lowered Polaris Industries from an “overweight” rating to a “sector weight” rating in a report on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. Polaris Industries has an average rating of “Hold” and a consensus target price of $83.60.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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