Aperio Group LLC raised its stake in Polaris Industries Inc. (NYSE:PII) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 17,412 shares of the company’s stock after buying an additional 1,102 shares during the period. Aperio Group LLC’s holdings in Polaris Industries were worth $1,606,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group boosted its position in shares of Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock valued at $207,000 after buying an additional 23 shares during the period. CENTRAL TRUST Co boosted its position in shares of Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock valued at $318,000 after buying an additional 25 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Polaris Industries by 0.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock valued at $760,000 after buying an additional 35 shares during the period. Private Advisor Group LLC boosted its position in shares of Polaris Industries by 0.5% in the first quarter. Private Advisor Group LLC now owns 8,355 shares of the company’s stock valued at $673,000 after buying an additional 40 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Polaris Industries by 0.7% in the first quarter. Keybank National Association OH now owns 7,186 shares of the company’s stock valued at $602,000 after buying an additional 48 shares during the period. 93.98% of the stock is owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE PII) traded up 1.75% during mid-day trading on Friday, reaching $89.62. 166,010 shares of the company traded hands. The stock’s 50 day moving average price is $90.61 and its 200 day moving average price is $86.90. Polaris Industries Inc. has a 52 week low of $70.14 and a 52 week high of $99.16. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 37.48 and a beta of 1.31.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a net margin of 4.55% and a return on equity of 29.46%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Equities analysts forecast that Polaris Industries Inc. will post $4.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.58 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.63%. Polaris Industries’s payout ratio is 97.07%.
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Several research analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $84.00 target price on shares of Polaris Industries in a report on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. Longbow Research reissued an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a report on Monday, July 17th. Royal Bank Of Canada cut shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a report on Friday, July 21st. Finally, Robert W. Baird cut shares of Polaris Industries from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $88.00 to $96.00 in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Polaris Industries has an average rating of “Hold” and an average price target of $86.87.
In related news, insider Matthew J. Homan sold 2,600 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
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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