Prudential Financial Inc. raised its position in Polaris Industries Inc. (NYSE:PII) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,364 shares of the company’s stock after buying an additional 4,490 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Polaris Industries worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank lifted its stake in Polaris Industries by 2.3% in the first quarter. Swiss National Bank now owns 196,100 shares of the company’s stock valued at $16,557,000 after buying an additional 4,500 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Polaris Industries by 39.2% in the second quarter. BNP Paribas Arbitrage SA now owns 26,088 shares of the company’s stock valued at $2,380,000 after buying an additional 7,340 shares during the last quarter. Geode Capital Management LLC lifted its stake in Polaris Industries by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 615,100 shares of the company’s stock valued at $47,134,000 after buying an additional 87,843 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Polaris Industries by 7,433.3% in the second quarter. Thoroughbred Financial Services LLC now owns 288,225 shares of the company’s stock valued at $28,822,000 after buying an additional 284,399 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Polaris Industries by 39.4% in the first quarter. State of Wisconsin Investment Board now owns 166,603 shares of the company’s stock valued at $14,066,000 after buying an additional 47,120 shares during the last quarter. Institutional investors own 76.54% of the company’s stock.
NYSE:PII traded up $0.93 during trading hours on Friday, hitting $90.99. The company’s stock had a trading volume of 578,865 shares, compared to its average volume of 804,127. The business’s 50-day moving average is $85.89 and its two-hundred day moving average is $88.17. The company has a market capitalization of $5.50 billion, a PE ratio of 13.85, a PEG ratio of 1.21 and a beta of 1.43. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.33 and a current ratio of 1.18. Polaris Industries Inc. has a 52-week low of $70.27 and a 52-week high of $111.07.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.07. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. Polaris Industries’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 earnings per share. As a group, analysts predict that Polaris Industries Inc. will post 6.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is 37.20%.
Several research firms have recently commented on PII. UBS Group upgraded Polaris Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $97.00 to $105.00 in a research note on Wednesday, July 31st. Raymond James cut their price target on Polaris Industries from $115.00 to $108.00 and set a “strong-buy” rating for the company in a research note on Wednesday, July 24th. They noted that the move was a valuation call. BMO Capital Markets upgraded Polaris Industries from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $96.00 to $99.00 in a research note on Tuesday, May 21st. Wedbush cut their price target on Polaris Industries from $117.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, July 9th. Finally, Lake Street Capital upped their price target on Polaris Industries from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Polaris Industries currently has a consensus rating of “Buy” and a consensus target price of $107.85.
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.
Recommended Story: Benefits of owning preferred stock
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.