Natixis Advisors L.P. cut its stake in Polaris Industries Inc. (NYSE:PII) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,493 shares of the company’s stock after selling 2,042 shares during the quarter. Natixis Advisors L.P.’s holdings in Polaris Industries were worth $1,188,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Polaris Industries by 68.1% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock valued at $39,000 after acquiring an additional 207 shares during the period. Doyle Wealth Management purchased a new position in Polaris Industries during the 4th quarter worth $48,000. JNBA Financial Advisors purchased a new position in Polaris Industries during the 4th quarter worth $50,000. Advisors Asset Management Inc. grew its stake in Polaris Industries by 62.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,048 shares of the company’s stock worth $207,000 after buying an additional 790 shares during the last quarter. Finally, AlphaCrest Capital Management LLC purchased a new position in Polaris Industries during the 4th quarter worth $213,000. Institutional investors and hedge funds own 80.66% of the company’s stock.
In other news, Director Kevin M. Farr acquired 1,125 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was bought at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the purchase, the director now owns 15,604 shares in the company, valued at $1,382,358.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.01. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. Polaris Industries’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, equities research analysts expect that Polaris Industries Inc. will post 6.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.61 dividend. This is a boost from Polaris Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 3.07%. Polaris Industries’s dividend payout ratio is presently 37.20%.
Several research analysts recently weighed in on PII shares. TheStreet downgraded Polaris Industries from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. B. Riley cut Polaris Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $126.00 to $99.00 in a research report on Monday, December 10th. Wells Fargo & Co lowered their price target on Polaris Industries from $115.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. Finally, ValuEngine cut Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and a consensus target price of $104.17.
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Polaris Industries Company Profile
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.
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