Dynamic Advisors Solutions LLC raised its holdings in Polaris Industries Inc. (NYSE:PII) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,781 shares of the company’s stock after buying an additional 481 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in Polaris Industries were worth $1,337,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PII. The Manufacturers Life Insurance Company grew its position in shares of Polaris Industries by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after buying an additional 202,244 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Polaris Industries by 6.2% during the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after purchasing an additional 148,734 shares in the last quarter. BlackRock Inc. boosted its position in shares of Polaris Industries by 2.7% during the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock valued at $677,874,000 after purchasing an additional 142,737 shares in the last quarter. Columbus Circle Investors bought a new stake in shares of Polaris Industries during the third quarter valued at approximately $13,969,000. Finally, Boston Advisors LLC boosted its position in shares of Polaris Industries by 633.7% during the fourth quarter. Boston Advisors LLC now owns 122,234 shares of the company’s stock valued at $15,156,000 after purchasing an additional 105,574 shares in the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.
In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares in the company, valued at $1,129,811.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. Insiders have sold 21,602 shares of company stock valued at $2,741,836 in the last quarter. 2.20% of the stock is owned by company insiders.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.47. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. equities research analysts forecast that Polaris Industries Inc. will post 6.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.60 per share. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.04%. Polaris Industries’s payout ratio is presently 86.25%.
Several equities research analysts recently weighed in on PII shares. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Saturday, January 20th. Citigroup dropped their price target on Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Stephens set a $133.00 price target on Polaris Industries and gave the company a “hold” rating in a research report on Friday, January 19th. SunTrust Banks restated a “hold” rating and set a $115.00 price target on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Finally, Stifel Nicolaus lifted their price target on Polaris Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and an average target price of $112.50.
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Polaris Industries 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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