Geode Capital Management LLC raised its holdings in Polaris Industries Inc. (NYSE:PII) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 472,552 shares of the company’s stock after purchasing an additional 10,183 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Polaris Industries worth $58,554,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Calton & Associates Inc. acquired a new stake in shares of Polaris Industries in the 4th quarter valued at $112,000. Gradient Investments LLC acquired a new stake in shares of Polaris Industries in the 4th quarter valued at $113,000. NuWave Investment Management LLC acquired a new stake in shares of Polaris Industries in the 4th quarter valued at $123,000. Assetmark Inc. increased its stake in shares of Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after buying an additional 988 shares during the period. Finally, Buckingham Asset Management LLC acquired a new stake in shares of Polaris Industries in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 85.15% of the company’s stock.
Several research firms have recently commented on PII. BMO Capital Markets reissued a “hold” rating and issued a $105.00 target price on shares of Polaris Industries in a research note on Wednesday, January 31st. Wedbush lifted their target price on Polaris Industries from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Citigroup lowered their target price on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada raised Polaris Industries to a “sector perform” rating and set a $113.00 target price for the company in a research note on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $112.50.
Shares of Polaris Industries Inc. (NYSE PII) opened at $117.79 on Friday. The company has a market capitalization of $7,495.77, a PE ratio of 24.56, a PEG ratio of 1.29 and a beta of 1.20. Polaris Industries Inc. has a twelve month low of $77.91 and a twelve month high of $137.66. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting analysts’ consensus estimates of $1.47. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. sell-side analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, February 28th. Polaris Industries’s payout ratio is 89.22%.
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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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