Riverhead Capital Management LLC Has $848,000 Stock Position in Polaris Industries Inc. (NYSE:PII)

Riverhead Capital Management LLC grew its stake in shares of Polaris Industries Inc. (NYSE:PII) by 6.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,301 shares of the company’s stock after buying an additional 600 shares during the quarter. Riverhead Capital Management LLC’s holdings in Polaris Industries were worth $848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PII. FTB Advisors Inc. boosted its holdings in shares of Polaris Industries by 140.1% during the 2nd quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Polaris Industries by 25,800.0% in the second quarter. Synovus Financial Corp now owns 518 shares of the company’s stock valued at $47,000 after buying an additional 516 shares during the period. Litman Gregory Asset Management LLC bought a new position in Polaris Industries in the 2nd quarter valued at approximately $49,000. Coastal Investment Advisors Inc. raised its holdings in Polaris Industries by 88.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 526 shares of the company’s stock valued at $49,000 after buying an additional 247 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Polaris Industries in the 2nd quarter valued at approximately $79,000. 76.54% of the stock is currently owned by hedge funds and other institutional investors.

PII stock traded up $0.91 during trading on Wednesday, hitting $88.52. The company had a trading volume of 28,503 shares, compared to its average volume of 790,039. The business has a 50-day moving average of $86.03 and a 200-day moving average of $88.14. Polaris Industries Inc. has a one year low of $70.27 and a one year high of $111.07. The stock has a market cap of $5.26 billion, a PE ratio of 13.45, a PEG ratio of 1.15 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 0.33 and a debt-to-equity ratio of 2.00.



Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, July 23rd. The company reported $1.73 earnings per share for the quarter, beating 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 business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. Research analysts forecast that Polaris Industries Inc. will post 6.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, August 30th. Polaris Industries’s dividend payout ratio is currently 37.20%.

A number of equities research analysts have weighed in on the stock. Wedbush reduced their target price on shares of Polaris Industries from $117.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Lake Street Capital upped 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. UBS Group raised shares of Polaris Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $97.00 to $105.00 in a research note on Wednesday, July 31st. KeyCorp set a $125.00 price target on shares of Polaris Industries and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets upgraded shares of Polaris Industries from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $96.00 to $99.00 in a report on Tuesday, May 21st. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target 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.

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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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