Advisors Capital Management LLC raised its stake in Polaris Industries Inc. (NYSE:PII) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,830 shares of the company’s stock after buying an additional 652 shares during the period. Advisors Capital Management LLC’s holdings in Polaris Industries were worth $1,552,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Polaris Industries by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,304,020 shares of the company’s stock valued at $444,478,000 after buying an additional 184,995 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Polaris Industries by 3.3% in the first quarter. Wells Fargo & Company MN now owns 3,492,115 shares of the company’s stock valued at $292,639,000 after buying an additional 111,872 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock valued at $196,447,000 after buying an additional 627,535 shares in the last quarter. Finally, Kiltearn Partners LLP increased its position in shares of Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock valued at $145,911,000 after buying an additional 1,359,430 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.40 on Friday. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 37.39 and a beta of 1.31. The company has a 50-day moving average price of $90.36 and a 200 day moving average price of $86.78. Polaris Industries Inc. has a 52 week low of $70.14 and a 52 week high of $99.16.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.09 EPS. The company’s revenue was up 20.7% on a year-over-year basis. Analysts expect that Polaris Industries Inc. will post $4.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
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PII has been the topic of several recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 price target (up from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. B. Riley reaffirmed a “neutral” rating and issued a $82.00 price target on shares of Polaris Industries in a research report on Friday, April 21st. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $79.00 price target on shares of Polaris Industries in a research report on Friday, June 9th. Finally, Longbow Research reaffirmed an “underperform” rating and issued a $60.00 price target on shares of Polaris Industries in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $86.87.
In other Polaris Industries news, Director Gwenne A. Henricks bought 1,200 shares of Polaris Industries stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $92.27 per share, with a total value of $110,724.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at approximately $110,724. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the completion of the sale, the insider now directly owns 20,871 shares in the company, valued at approximately $1,814,942.16. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
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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