Texas Permanent School Fund boosted its position in Polaris Industries Inc. (NYSE:PII) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,772 shares of the company’s stock after buying an additional 393 shares during the period. Texas Permanent School Fund owned 0.07% of Polaris Industries worth $3,945,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its position in Polaris Industries by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after buying an additional 14 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock worth $207,000 after buying an additional 23 shares in the last quarter. CENTRAL TRUST Co increased its position in Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock worth $318,000 after buying an additional 25 shares in the last quarter. CAPROCK Group Inc. increased its position in Polaris Industries by 0.5% in the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after buying an additional 27 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Polaris Industries by 0.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock worth $760,000 after buying an additional 35 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors.
Polaris Industries Inc. (PII) traded up 1.44% during mid-day trading on Friday, reaching $89.35. The company had a trading volume of 434,036 shares. The firm’s 50-day moving average price is $90.63 and its 200-day moving average price is $86.92. The stock has a market cap of $5.59 billion, a PE ratio of 37.37 and a beta of 1.31. Polaris Industries Inc. has a 12 month low of $70.14 and a 12 month high of $99.16.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Equities research analysts forecast that Polaris Industries Inc. will post $4.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
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Several analysts recently issued reports on PII shares. B. Riley reissued a “neutral” rating and issued a $84.00 price target on shares of Polaris Industries in a report on Wednesday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Longbow Research reaffirmed an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research note on Monday, July 17th. Royal Bank Of Canada downgraded Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Finally, Robert W. Baird downgraded Polaris Industries from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $88.00 to $96.00 in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $86.87.
In other Polaris Industries news, insider Matthew J. Homan sold 2,600 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the completion of the transaction, the insider now owns 20,871 shares in the company, valued at approximately $1,814,942.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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