Orrstown Financial Services Inc. boosted its position in Polaris Industries Inc. (NYSE:PII) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,882 shares of the company’s stock after buying an additional 4 shares during the period. Orrstown Financial Services Inc.’s holdings in Polaris Industries were worth $727,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its stake in shares of 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 during the period. Lau Associates LLC boosted its stake in shares of Polaris Industries by 0.6% in the first quarter. Lau Associates LLC now owns 12,955 shares of the company’s stock worth $1,086,000 after buying an additional 80 shares during the period. Bancorpsouth Inc. purchased a new stake in shares of Polaris Industries during the first quarter worth about $244,000. Russell Investments Group Ltd. purchased a new stake in shares of Polaris Industries during the fourth quarter worth about $2,940,000. Finally, Schroder Investment Management Group boosted its position in Polaris Industries by 719.9% in the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock valued at $20,218,000 after buying an additional 212,396 shares during the last quarter. 93.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Polaris Industries Inc. (PII) opened at 89.35 on Friday. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 37.37 and a beta of 1.31. The stock has a 50 day moving average of $90.63 and a 200 day moving average of $86.92. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month 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 analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts predict that Polaris Industries Inc. will post $4.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio is presently 97.07%.
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PII has been the subject of several research analyst reports. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research note on Friday, June 9th. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wedbush reaffirmed a “neutral” rating and set a $75.00 target price on shares of Polaris Industries in a research note on Tuesday, June 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 target price on shares of Polaris Industries in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and an average target price of $86.87.
In related news, insider Matthew J. Homan sold 2,600 shares of Polaris Industries stock in a transaction dated 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 in the company, valued at approximately $1,814,942.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
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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