Daiwa Securities Group Inc. maintained its position in shares of Polaris Industries Inc. (NYSE:PII) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,500 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Polaris Industries were worth $123,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. GWM Advisors LLC purchased a new position in shares of Polaris Industries during the second quarter valued at approximately $203,000. Atria Investments LLC purchased a new position in shares of Polaris Industries during the second quarter valued at approximately $223,000. Canada Pension Plan Investment Board raised its position in shares of Polaris Industries by 27.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock valued at $227,000 after buying an additional 500 shares in the last quarter. JNBA Financial Advisors raised its position in shares of Polaris Industries by 52.4% in the second quarter. JNBA Financial Advisors now owns 3,200 shares of the company’s stock valued at $262,000 after buying an additional 1,100 shares in the last quarter. Finally, Mariner Wealth Advisors LLC purchased a new position in shares of Polaris Industries during the first quarter valued at approximately $277,000. Hedge funds and other institutional investors own 88.26% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) traded down 0.35% on Friday, reaching $74.02. The company’s stock had a trading volume of 1,064,525 shares. The stock has a 50-day moving average price of $80.12 and a 200-day moving average price of $87.81. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.78 and a beta of 1.46. Polaris Industries Inc. has a 1-year low of $67.80 and a 1-year high of $124.39.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. Polaris Industries’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. On average, equities research analysts forecast that Polaris Industries Inc. will post $3.58 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, August 30th. Polaris Industries’s dividend payout ratio is currently 38.19%.
Several brokerages have recently commented on PII. Royal Bank Of Canada raised their price target on Polaris Industries from $84.00 to $88.00 and gave the company a “sector perform” rating in a research note on Thursday, July 21st. Sanford C. Bernstein began coverage on Polaris Industries in a research note on Thursday, September 8th. They set a “market perform” rating and a $87.00 price target on the stock. Zacks Investment Research lowered Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. KeyCorp lowered Polaris Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 12th. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Polaris Industries in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus 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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