LS Investment Advisors LLC boosted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 13.3% during the second quarter, Holdings Channel reports. The firm owned 6,407 shares of the company’s stock after buying an additional 751 shares during the period. LS Investment Advisors LLC’s holdings in Polaris Industries were worth $591,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in 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 during the period. Kiltearn Partners LLP raised its stake in 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 during the period. Cincinnati Financial Corp raised its stake in Polaris Industries by 3,020.0% in the first quarter. Cincinnati Financial Corp now owns 780,000 shares of the company’s stock valued at $65,364,000 after buying an additional 755,000 shares during the period. Janus Capital Management LLC raised its stake in 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 during the period. Finally, Confluence Investment Management LLC raised its stake in Polaris Industries by 444.9% in the first quarter. Confluence Investment Management LLC now owns 730,568 shares of the company’s stock valued at $61,222,000 after buying an additional 596,497 shares during the period. Hedge funds and other institutional investors own 94.04% of the company’s stock.
Polaris Industries Inc. (PII) opened at 89.99 on Thursday. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $99.16. The company has a market capitalization of $5.66 billion, a P/E ratio of 37.64 and a beta of 1.32. The company has a 50-day moving average of $89.98 and a 200 day moving average of $86.62.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that Polaris Industries Inc. will post $4.47 earnings per share for the current fiscal 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 issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.58%. Polaris Industries’s dividend payout ratio is currently 97.07%.
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A number of research analysts have recently weighed in on PII shares. BMO Capital Markets reissued a “buy” rating and set a $100.00 target price on shares of Polaris Industries in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Wedbush reissued a “neutral” rating and set a $75.00 target price on shares of Polaris Industries in a research report on Tuesday, June 6th. Royal Bank Of Canada reissued a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. Finally, BidaskClub downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Polaris Industries currently has an average rating of “Hold” and an average target price of $86.87.
In related news, Director Gwenne A. Henricks bought 1,200 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $110,724. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of Polaris Industries stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the completion of the sale, the insider now owns 20,871 shares of the company’s stock, valued at $1,814,942.16. The disclosure for this sale can be found here. 2.20% of the stock is currently 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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