Meitav Dash Investments Ltd. bought a new stake in shares of Polaris Industries Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,057 shares of the company’s stock, valued at approximately $384,000.
Other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. bought a new position in shares of Polaris Industries during the fourth quarter valued at approximately $112,000. Gradient Investments LLC bought a new position in shares of Polaris Industries during the fourth quarter valued at approximately $113,000. Delpha Capital Management LLC bought a new position in shares of Polaris Industries during the fourth quarter valued at approximately $120,000. NuWave Investment Management LLC bought a new position in shares of Polaris Industries during the fourth quarter valued at approximately $123,000. Finally, Assetmark Inc. raised its holdings in shares of Polaris Industries by 1,097.8% during the fourth quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after acquiring an additional 988 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.
Shares of Polaris Industries Inc. (PII) opened at $116.00 on Friday. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $137.66. The company has a market capitalization of $7,611.17, a price-to-earnings ratio of 24.94, a PEG ratio of 1.31 and a beta of 1.20. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 2.07%. Polaris Industries’s dividend payout ratio (DPR) is 89.22%.
A number of research firms have issued reports on PII. Stephens set a $133.00 price objective on Polaris Industries and gave the stock a “hold” rating in a report on Friday, January 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $144.00 price objective (up previously from $121.00) on shares of Polaris Industries in a report on Monday, January 29th. Citigroup decreased their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Wells Fargo upgraded Polaris Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $119.00 price objective (up previously from $112.00) on shares of Polaris Industries in a report on Wednesday, January 3rd. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $112.50.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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