Rice Hall James & Associates LLC lessened its stake in shares of Polaris Industries Inc. (NYSE:PII) by 15.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,531 shares of the company’s stock after selling 10,020 shares during the period. Rice Hall James & Associates LLC’s holdings in Polaris Industries were worth $4,884,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Coastal Investment Advisors Inc. raised its holdings in Polaris Industries by 88.5% during the second quarter. Coastal Investment Advisors Inc. now owns 526 shares of the company’s stock worth $49,000 after buying an additional 247 shares during the last quarter. Litman Gregory Asset Management LLC bought a new position in Polaris Industries during the second quarter valued at about $49,000. Private Capital Group LLC grew its position in Polaris Industries by 97.6% during the first quarter. Private Capital Group LLC now owns 889 shares of the company’s stock valued at $75,000 after buying an additional 439 shares during the period. Marshall Wace North America L.P. bought a new position in Polaris Industries during the first quarter valued at about $84,000. Finally, Stevens First Principles Investment Advisors grew its position in Polaris Industries by 16.5% during the second quarter. Stevens First Principles Investment Advisors now owns 1,060 shares of the company’s stock valued at $97,000 after buying an additional 150 shares during the period. Institutional investors own 78.93% of the company’s stock.
Several equities analysts recently weighed in on the stock. UBS Group upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $97.00 to $105.00 in a research report on Wednesday, July 31st. TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. SunTrust Banks increased their price target on shares of Polaris Industries to $102.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Citigroup increased their price target on shares of Polaris Industries from $104.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Lake Street Capital increased their price target on shares of Polaris Industries from $107.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Polaris Industries presently has a consensus rating of “Buy” and a consensus price target of $106.42.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Polaris Industries had a net margin of 4.94% and a return on equity of 45.12%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, research analysts forecast that Polaris Industries Inc. will post 6.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, August 30th. Polaris Industries’s payout ratio is 37.20%.
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.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
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