Alps Advisors Inc. decreased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 5.9% during the second quarter, Holdings Channel reports. The firm owned 4,215 shares of the company’s stock after selling 264 shares during the period. Alps Advisors Inc.’s holdings in Polaris Industries were worth $345,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 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 valued at $349,351,000 after buying an additional 1,555,422 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Polaris Industries during the second quarter valued at approximately $69,813,000. Southernsun Asset Management LLC boosted its position in shares of Polaris Industries by 28.3% in the first quarter. Southernsun Asset Management LLC now owns 2,189,770 shares of the company’s stock valued at $215,649,000 after buying an additional 483,351 shares during the last quarter. PGGM Investments boosted its position in shares of Polaris Industries by 116.2% in the second quarter. PGGM Investments now owns 392,021 shares of the company’s stock valued at $32,052,000 after buying an additional 210,736 shares during the last quarter. Finally, Friess Associates LLC purchased a new position in shares of Polaris Industries during the first quarter valued at approximately $14,477,000. Institutional investors own 88.27% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) traded up 2.86% during midday trading on Wednesday, hitting $76.15. 1,455,470 shares of the stock traded hands. The company has a market capitalization of $4.88 billion, a PE ratio of 13.15 and a beta of 1.46. The firm’s 50 day moving average price is $79.10 and its 200 day moving average price is $87.40. Polaris Industries Inc. has a 12-month low of $67.80 and a 12-month high of $124.39.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The firm earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. The business’s revenue was up .6% on a year-over-year basis. Analysts expect that Polaris Industries Inc. will post $3.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 38.19%.
PII has been the subject of several recent analyst reports. Northcoast Research cut shares of Polaris Industries from a “buy” rating to a “neutral” rating in a report on Wednesday, August 31st. Sanford C. Bernstein initiated coverage on shares of Polaris Industries in a report on Thursday, September 8th. They issued a “market perform” rating and a $87.00 target price for the company. Citigroup Inc. raised their target price on shares of Polaris Industries from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Royal Bank Of Canada decreased their target price on shares of Polaris Industries from $97.00 to $84.00 and set a “sector perform” rating for the company in a report on Friday, July 1st. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Polaris Industries in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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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