Aspiriant LLC lowered its position in shares of Polaris Industries Inc. (NYSE:PII) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,940 shares of the company’s stock after selling 2,200 shares during the period. Aspiriant LLC’s holdings in Polaris Industries were worth $548,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. ProShare Advisors LLC boosted its stake in Polaris Industries by 29.4% in the first quarter. ProShare Advisors LLC now owns 109,753 shares of the company’s stock worth $9,197,000 after buying an additional 24,962 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock worth $207,000 after buying an additional 23 shares during the last quarter. BTIM Corp. boosted its stake in Polaris Industries by 12.6% in the first quarter. BTIM Corp. now owns 60,600 shares of the company’s stock worth $5,078,000 after buying an additional 6,760 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Polaris Industries by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,627 shares of the company’s stock worth $127,000 after buying an additional 70 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Polaris Industries by 6.6% in the first quarter. Retirement Systems of Alabama now owns 154,591 shares of the company’s stock worth $12,955,000 after buying an additional 9,525 shares during the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.33 on Thursday. The stock has a market cap of $5.59 billion, a PE ratio of 37.36 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 company has a 50-day moving average of $90.54 and a 200 day moving average of $86.96.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. Polaris Industries’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, analysts predict that Polaris Industries Inc. will post $4.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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 yield of 2.60%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s dividend payout ratio is presently 97.07%.
A number of research firms have recently commented on PII. B. Riley reiterated a “neutral” rating and set a $91.00 price target on shares of Polaris Industries in a report on Friday, July 21st. Robert W. Baird cut shares of Polaris Industries from an “outperform” rating to a “neutral” rating and increased their price target for the company from $88.00 to $96.00 in a report on Friday, July 21st. Royal Bank Of Canada cut shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Friday, July 21st. Lake Street Capital increased their price target on shares of Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Polaris Industries currently has a consensus rating of “Hold” and an average price target of $86.87.
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.
What are top analysts saying about Polaris Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Polaris Industries Inc. and related companies.