Geode Capital Management LLC Has $58.55 Million Stake in Polaris Industries (NYSE:PII)

Geode Capital Management LLC lifted its stake in Polaris Industries (NYSE:PII) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 472,552 shares of the company’s stock after buying an additional 10,183 shares during the period. Geode Capital Management LLC owned approximately 0.76% of Polaris Industries worth $58,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Polaris Industries by 2.7% in the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after buying an additional 142,737 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Polaris Industries by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after buying an additional 202,244 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Polaris Industries by 6.2% in the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after buying an additional 148,734 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Polaris Industries by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock worth $94,076,000 after buying an additional 42,596 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Polaris Industries by 13.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock worth $43,330,000 after buying an additional 42,094 shares during the period. Hedge funds and other institutional investors own 85.16% of the company’s stock.

NYSE:PII traded up $0.68 during mid-day trading on Friday, reaching $119.28. 834,167 shares of the company’s stock traded hands, compared to its average volume of 579,800. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $137.66. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42. The company has a market cap of $7,478.74, a PE ratio of 24.59, a P/E/G ratio of 1.29 and a beta of 1.16.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts expect that Polaris Industries will post 6.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.60 per share. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.01%. Polaris Industries’s dividend payout ratio is 49.48%.

Several research firms have recently commented on PII. Zacks Investment Research downgraded Polaris Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo upgraded Polaris Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. Citigroup decreased their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. B. Riley reiterated a “hold” rating and issued a $118.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Finally, Royal Bank of Canada upgraded Polaris Industries to a “sector perform” rating and set a $113.00 price target on the stock in a report on Wednesday, January 31st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $112.50.

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Polaris Industries Company 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.

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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