Dynamic Technology Lab Private Ltd bought a new stake in Polaris Industries Inc. (NYSE:PII) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,986 shares of the company’s stock, valued at approximately $505,000.
A number of other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Polaris Industries by 9,905.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock valued at $30,000 after buying an additional 2,306,710 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Polaris Industries in the first quarter valued at about $47,000. Doyle Wealth Management acquired a new stake in shares of Polaris Industries in the fourth quarter valued at about $48,000. JNBA Financial Advisors acquired a new stake in shares of Polaris Industries in the fourth quarter valued at about $50,000. Finally, Private Capital Group LLC increased its stake in shares of Polaris Industries by 97.6% in the first quarter. Private Capital Group LLC now owns 889 shares of the company’s stock valued at $75,000 after buying an additional 439 shares during the period. Hedge funds and other institutional investors own 78.48% of the company’s stock.
NYSE PII opened at $89.16 on Thursday. Polaris Industries Inc. has a one year low of $70.27 and a one year high of $131.25. The company has a market cap of $5.54 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 0.39, a current ratio of 1.31 and a debt-to-equity ratio of 2.40.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 2.74%. Polaris Industries’s dividend payout ratio is currently 37.20%.
In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the sale, the insider now owns 17,706 shares of the company’s stock, valued at $1,734,656.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.
PII has been the subject of several recent research reports. Wells Fargo & Co increased their price target on Polaris Industries from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price target on Polaris Industries to $102.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Polaris Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Lake Street Capital decreased their price target on Polaris Industries from $124.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a research note on Friday, March 29th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $109.08.
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About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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