Kornitzer Capital Management Inc. KS Acquires 130 Shares of Polaris Industries Inc. (PII)
Kornitzer Capital Management Inc. KS raised its position in shares of Polaris Industries Inc. (NYSE:PII) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,212 shares of the company’s stock after buying an additional 130 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.34% of Polaris Industries worth $17,759,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of PII. State Street Corp increased its stake in shares of Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock worth $349,351,000 after buying an additional 1,555,422 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Polaris Industries during the second quarter worth about $69,813,000. Southernsun Asset Management LLC increased its stake in shares of Polaris Industries by 28.3% in the first quarter. Southernsun Asset Management LLC now owns 2,189,770 shares of the company’s stock worth $215,649,000 after buying an additional 483,351 shares during the last quarter. 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 worth $32,052,000 after buying an additional 210,736 shares during the last quarter. Finally, Friess Associates LLC acquired a new stake in shares of Polaris Industries during the first quarter worth about $14,477,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Polaris Industries Inc. (NYSE:PII) traded up 0.45% during trading on Friday, reaching $75.79. 686,405 shares of the company’s stock were exchanged. Polaris Industries Inc. has a 12-month low of $67.80 and a 12-month high of $124.39. The company has a 50 day moving average of $78.15 and a 200 day moving average of $87.23. The stock has a market cap of $4.86 billion, a P/E ratio of 13.09 and a beta of 1.46.
Polaris Industries (NYSE:PII) last announced its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate that Polaris Industries Inc. will post $3.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.55 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.92%. Polaris Industries’s dividend payout ratio (DPR) is 38.19%.
Several brokerages recently weighed in on PII. BMO Capital Markets reaffirmed a “hold” rating on shares of Polaris Industries in a report on Sunday, July 17th. B. Riley reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Polaris Industries in a report on Monday, July 25th. Royal Bank Of Canada upped their target price on shares of Polaris Industries from $84.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, July 21st. Longbow Research reaffirmed an “underperform” rating and issued a $70.00 target price on shares of Polaris Industries in a report on Saturday, September 3rd. Finally, Lake Street Capital upped their target price on shares of Polaris Industries from $85.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, sixteen have given 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 $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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