Tower Research Capital LLC TRC grew its holdings in Polaris Industries Inc. (NYSE:PII) by 230.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,328 shares of the company’s stock after acquiring an additional 5,809 shares during the period. Tower Research Capital LLC TRC’s holdings in Polaris Industries were worth $841,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of PII. Columbia Asset Management acquired a new stake in shares of Polaris Industries in the third quarter worth $164,000. Laurel Wealth Advisors Inc. acquired a new stake in shares of Polaris Industries in the second quarter worth $203,000. Engineers Gate Manager LP acquired a new position in Polaris Industries during the 2nd quarter valued at $208,000. Smith Shellnut Wilson LLC ADV acquired a new position in Polaris Industries during the 3rd quarter valued at $217,000. Finally, Ridgewood Investments LLC acquired a new position in Polaris Industries during the 2nd quarter valued at $226,000. 82.23% of the stock is owned by institutional investors.
Several research firms recently commented on PII. Citigroup upped their target price on shares of Polaris Industries from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Tuesday, August 7th. Wells Fargo & Co cut their target price on shares of Polaris Industries from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. SunTrust Banks cut their target price on shares of Polaris Industries to $100.00 and set a “hold” rating for the company in a research note on Tuesday, October 23rd. Finally, Longbow Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued 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 price target of $111.23.
NYSE:PII opened at $91.63 on Wednesday. Polaris Industries Inc. has a one year low of $84.63 and a one year high of $137.66. The firm has a market cap of $5.99 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.03 and a beta of 1.03. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, analysts forecast that Polaris Industries Inc. will post 6.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 30th. Polaris Industries’s dividend payout ratio is 49.48%.
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About Polaris Industries
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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