Brown Advisory Inc. increased its position in Polaris Industries Inc. (NYSE:PII) by 9.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,245 shares of the company’s stock after buying an additional 292 shares during the period. Brown Advisory Inc.’s holdings in Polaris Industries were worth $265,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of PII. State Street Corp boosted its position in shares of Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock worth $349,351,000 after buying an additional 1,555,422 shares during the last quarter. Southernsun Asset Management LLC boosted its stake in Polaris Industries by 28.3% in the first quarter. Southernsun Asset Management LLC now owns 2,189,770 shares of the company’s stock worth $215,649,000 after buying an additional 483,351 shares in the last quarter. Dividend Assets Capital LLC boosted its stake in Polaris Industries by 7.7% in the second quarter. Dividend Assets Capital LLC now owns 957,666 shares of the company’s stock worth $78,299,000 after buying an additional 68,306 shares in the last quarter. American Century Companies Inc. acquired a new stake in Polaris Industries during the second quarter worth $69,813,000. Finally, Bank of New York Mellon Corp boosted its stake in Polaris Industries by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 787,228 shares of the company’s stock worth $64,364,000 after buying an additional 6,120 shares in the last quarter. 88.26% of the stock is owned by institutional investors and hedge funds.
Polaris Industries Inc. (NYSE:PII) traded down 1.52% during mid-day trading on Thursday, hitting $74.35. The company’s stock had a trading volume of 111,335 shares. Polaris Industries Inc. has a 52-week low of $67.80 and a 52-week high of $124.39. The firm has a 50 day moving average of $81.18 and a 200-day moving average of $88.09. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 12.84 and a beta of 1.46.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The company earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 earnings per share. On average, equities research analysts expect that Polaris Industries Inc. will post $3.70 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.91%. Polaris Industries’s dividend payout ratio (DPR) is presently 38.19%.
A number of equities research analysts recently weighed in on PII shares. B. Riley reaffirmed a “neutral” rating and set a $69.00 price target on shares of Polaris Industries in a report on Sunday, September 18th. Lake Street Capital raised their price target on Polaris Industries from $85.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Wedbush dropped their price target on Polaris Industries from $88.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, September 13th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 20th. Finally, RBC Capital Markets set a $88.00 price target on Polaris Industries and gave the company a “hold” rating in a report on Thursday, July 21st. 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 company. The stock currently has an average rating of “Hold” and an average price target of $83.60.
About Polaris Industries
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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