State of Wisconsin Investment Board boosted its position in Polaris Industries Inc. (NYSE:PII) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,363 shares of the company’s stock after buying an additional 3,120 shares during the period. State of Wisconsin Investment Board owned about 0.24% of Polaris Industries worth $13,960,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its stake in Polaris Industries by 13.3% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock worth $340,000 after buying an additional 478 shares in the last quarter. Bancorpsouth Inc. bought a new stake in shares of Polaris Industries during the first quarter worth about $244,000. Schroder Investment Management Group increased its stake in shares of Polaris Industries by 719.9% in the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after buying an additional 212,396 shares during the period. Staton Financial Advisors LLC increased its stake in shares of Polaris Industries by 3.1% in the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after buying an additional 1,203 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Polaris Industries by 1.6% in the first quarter. Blair William & Co. IL now owns 7,109 shares of the company’s stock worth $598,000 after buying an additional 111 shares during the period. Institutional investors own 93.65% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE PII) opened at 90.24 on Tuesday. The stock has a market capitalization of $5.65 billion, a P/E ratio of 37.74 and a beta of 1.31. Polaris Industries Inc. has a one year low of $70.14 and a one year high of $99.16. The stock has a 50 day moving average price of $90.35 and a 200 day moving average price of $87.10.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. Equities analysts forecast that Polaris Industries Inc. will post $4.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s payout ratio is presently 97.07%.
PII has been the topic of a number of recent research reports. BidaskClub upgraded Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Wedbush restated a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research report on Tuesday, June 6th. Finally, BMO Capital Markets restated a “buy” rating and set a $100.00 price objective on shares of Polaris Industries in a research report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $88.13.
About Polaris Industries
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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