Stratos Wealth Partners LTD. Has $378,000 Position in Polaris Industries Inc. (NYSE:PII)

Stratos Wealth Partners LTD. raised its stake in shares of Polaris Industries Inc. (NYSE:PII) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,104 shares of the company’s stock after buying an additional 45 shares during the period. Stratos Wealth Partners LTD.’s holdings in Polaris Industries were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PII. BlackRock Inc. boosted its stake in Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares during the period. Vanguard Group Inc. boosted its stake in Polaris Industries by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,304,020 shares of the company’s stock valued at $444,478,000 after buying an additional 184,995 shares during the period. Wells Fargo & Company MN boosted its stake in Polaris Industries by 3.3% in the first quarter. Wells Fargo & Company MN now owns 3,492,115 shares of the company’s stock valued at $292,639,000 after buying an additional 111,872 shares during the period. Janus Capital Management LLC boosted its stake in Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock valued at $196,447,000 after buying an additional 627,535 shares during the period. Finally, Kiltearn Partners LLP boosted its stake in Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock valued at $145,911,000 after buying an additional 1,359,430 shares during the period. 93.65% of the stock is currently owned by institutional investors.

Shares of Polaris Industries Inc. (PII) traded up 0.50% during trading on Friday, hitting $89.32. The stock had a trading volume of 511,738 shares. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 37.36 and a beta of 1.31. Polaris Industries Inc. has a 52-week low of $70.14 and a 52-week high of $99.16. The firm’s 50-day moving average is $90.40 and its 200 day moving average is $87.01.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.13% and a return on equity of 26.47%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. On average, analysts expect that Polaris Industries Inc. will post $4.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.58 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.60%. Polaris Industries’s payout ratio is currently 97.07%.

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PII has been the topic of a number of recent research reports. B. Riley reissued a “neutral” rating and issued a $82.00 target price on shares of Polaris Industries in a report on Friday, April 21st. BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Polaris Industries in a report on Thursday, April 27th. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 target price (up previously from $81.00) on shares of Polaris Industries in a report on Saturday, April 29th. Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of Polaris Industries in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $79.00 target price on shares of Polaris Industries in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $88.13.

About Polaris Industries

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.

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

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