Virtu Financial LLC bought a new stake in shares of Polaris Industries Inc. (NYSE:PII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,808 shares of the company’s stock, valued at approximately $586,000.
Several other hedge funds have also added to or reduced their stakes in PII. Columbia Asset Management bought a new stake in Polaris Industries in the 3rd quarter worth $164,000. Laurel Wealth Advisors Inc. bought a new stake in Polaris Industries in the 2nd quarter worth $203,000. Engineers Gate Manager LP bought a new stake in Polaris Industries in the 2nd quarter worth $208,000. Smith Shellnut Wilson LLC ADV bought a new stake in Polaris Industries in the 3rd quarter worth $217,000. Finally, Ridgewood Investments LLC bought a new stake in Polaris Industries in the 2nd quarter worth $226,000. 82.23% of the stock is currently owned by institutional investors.
NYSE:PII opened at $88.46 on Friday. Polaris Industries Inc. has a 12 month low of $84.63 and a 12 month high of $137.66. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.19 and a quick ratio of 0.40. The stock has a market capitalization of $5.61 billion, a PE ratio of 14.74, a P/E/G ratio of 0.92 and a beta of 1.03.
Polaris Industries (NYSE:PII) last posted its earnings results on Monday, October 22nd. The company reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company posted $1.46 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts forecast that Polaris Industries Inc. will post 6.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a $0.60 dividend. The ex-dividend date is Friday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 2.71%. Polaris Industries’s dividend payout ratio is 49.48%.
PII has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Polaris Industries from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Longbow Research reissued a “buy” rating on shares of Polaris Industries in a report on Friday, October 5th. Robert W. Baird cut their price target on shares of Polaris Industries from $125.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, October 10th. Finally, Wedbush reissued a “neutral” rating and issued a $98.00 price target (down previously from $109.00) on shares of Polaris Industries in a report on Monday, October 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and a consensus price target of $111.23.
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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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