Nelson Van Denburg & Campbell Wealth Management Group LLC reduced its position in shares of Polaris Industries Inc. (NYSE:PII) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,041 shares of the company’s stock after selling 509 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Polaris Industries were worth $179,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PII. Nuveen Asset Management LLC purchased a new position in shares of Polaris Industries in the second quarter worth about $34,602,000. Balyasny Asset Management LLC purchased a new position in Polaris Industries during the second quarter valued at approximately $29,961,000. Thoroughbred Financial Services LLC grew its stake in Polaris Industries by 7,433.3% during the second quarter. Thoroughbred Financial Services LLC now owns 288,225 shares of the company’s stock valued at $28,822,000 after acquiring an additional 284,399 shares in the last quarter. Vanguard Group Inc. grew its stake in Polaris Industries by 3.2% during the second quarter. Vanguard Group Inc. now owns 6,135,074 shares of the company’s stock valued at $559,703,000 after acquiring an additional 189,995 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its stake in Polaris Industries by 7,613.1% during the second quarter. Marshall Wace North America L.P. now owns 77,131 shares of the company’s stock valued at $7,036,000 after acquiring an additional 76,131 shares in the last quarter. 76.51% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the stock. UBS Group raised shares of Polaris Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $97.00 to $105.00 in a research note on Wednesday, July 31st. KeyCorp set a $125.00 price objective on shares of Polaris Industries and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Lake Street Capital boosted their price objective on shares of Polaris Industries from $107.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Saturday, September 28th. Finally, Wedbush reduced their price objective on shares of Polaris Industries from $117.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $107.50.
PII stock opened at $89.89 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.18 and a quick ratio of 0.33. Polaris Industries Inc. has a one year low of $70.27 and a one year high of $103.19. The stock has a market cap of $5.49 billion, a PE ratio of 13.70, a P/E/G ratio of 1.12 and a beta of 1.46. The firm has a 50 day simple moving average of $84.88 and a two-hundred day simple moving average of $88.34.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, research analysts expect that Polaris Industries Inc. will post 6.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.61 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.71%. Polaris Industries’s payout ratio is 37.20%.
Polaris Industries 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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