Polaris Industries Inc. (PII) Position Lowered by Retirement Systems of Alabama
Retirement Systems of Alabama cut its stake in shares of Polaris Industries Inc. (NYSE:PII) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,230 shares of the company’s stock after selling 365 shares during the period. Retirement Systems of Alabama owned about 0.28% of Polaris Industries worth $14,736,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. PGGM Investments increased its stake in shares of Polaris Industries by 116.2% in the second quarter. PGGM Investments now owns 392,021 shares of the company’s stock valued at $32,052,000 after buying an additional 210,736 shares in the last quarter. First Merchants Corp increased its stake in shares of Polaris Industries by 51.8% in the second quarter. First Merchants Corp now owns 19,858 shares of the company’s stock valued at $1,623,000 after buying an additional 6,778 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Polaris Industries by 49.5% in the second quarter. HL Financial Services LLC now owns 7,750 shares of the company’s stock valued at $634,000 after buying an additional 2,566 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of Polaris Industries by 0.6% in the second quarter. Callahan Advisors LLC now owns 35,012 shares of the company’s stock valued at $2,863,000 after buying an additional 193 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Polaris Industries during the second quarter valued at approximately $1,231,000. Institutional investors own 88.26% of the company’s stock.
Polaris Industries Inc. (NYSE:PII) traded up 2.61% during mid-day trading on Friday, reaching $77.44. The company had a trading volume of 1,354,617 shares. Polaris Industries Inc. has a one year low of $67.80 and a one year high of $124.39. The firm has a market capitalization of $4.96 billion, a P/E ratio of 13.37 and a beta of 1.42. The firm’s 50-day moving average is $82.93 and its 200-day moving average is $88.63.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Polaris Industries Inc. will post $3.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Tuesday, August 30th. Polaris Industries’s payout ratio is 38.19%.
Several brokerages have recently commented on PII. Jefferies Group began coverage on shares of Polaris Industries in a research note on Friday. They issued a “hold” rating and a $69.00 target price on the stock. Wells Fargo & Co. restated a “hold” rating on shares of Polaris Industries in a research note on Monday, September 26th. B. Riley restated a “neutral” rating and issued a $69.00 target price on shares of Polaris Industries in a research note on Sunday, September 18th. Stephens set a $75.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a research note on Thursday, September 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $70.00 target price on shares of Polaris Industries in a research note on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $83.60.
About Polaris Industries
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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