Chicago Equity Partners LLC lessened its stake in Polaris Industries (NYSE:PII) by 69.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,090 shares of the company’s stock after selling 29,450 shares during the quarter. Chicago Equity Partners LLC’s holdings in Polaris Industries were worth $1,499,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of PII. Pennsylvania Trust Co increased its holdings in Polaris Industries by 2.1% during the 4th quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after acquiring an additional 525 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Polaris Industries by 13.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock valued at $43,330,000 after acquiring an additional 42,094 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Polaris Industries during the 4th quarter valued at about $533,000. GW&K Investment Management LLC increased its holdings in Polaris Industries by 0.5% during the 4th quarter. GW&K Investment Management LLC now owns 173,820 shares of the company’s stock valued at $21,552,000 after acquiring an additional 924 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Polaris Industries during the 4th quarter valued at about $1,201,000. Hedge funds and other institutional investors own 85.22% of the company’s stock.
PII has been the subject of several recent research reports. TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th. Citigroup dropped their target price on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Friday, February 2nd. ValuEngine upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Stephens set a $133.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a report on Friday, January 19th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.88.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.19. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts expect that Polaris Industries will post 6.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, May 31st. This represents a $2.40 annualized dividend and a dividend yield of 2.17%. Polaris Industries’s dividend payout ratio is currently 49.48%.
Polaris Industries Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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