Polaris Industries Inc. (PII) Shares Bought by Saratoga Research & Investment Management
Saratoga Research & Investment Management raised its stake in Polaris Industries Inc. (NYSE:PII) by 821.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,495 shares of the company’s stock after buying an additional 286,598 shares during the period. Polaris Industries comprises about 2.4% of Saratoga Research & Investment Management’s portfolio, making the stock its 22nd largest position. Saratoga Research & Investment Management owned about 0.50% of Polaris Industries worth $26,285,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PII. Advisory Services Network LLC increased its position in Polaris Industries by 46.5% in the second quarter. Advisory Services Network LLC now owns 2,175 shares of the company’s stock valued at $178,000 after buying an additional 690 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Polaris Industries by 27.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock valued at $227,000 after buying an additional 500 shares in the last quarter. GWM Advisors LLC purchased a new position in Polaris Industries during the second quarter valued at about $203,000. Atria Investments LLC purchased a new position in Polaris Industries during the second quarter valued at about $223,000. Finally, Mariner Wealth Advisors LLC purchased a new position in Polaris Industries during the first quarter valued at about $277,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE:PII) traded up 0.77% during midday trading on Friday, reaching $76.03. The company had a trading volume of 565,669 shares. The stock has a market capitalization of $4.87 billion, a PE ratio of 13.13 and a beta of 1.46. 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.
Polaris Industries (NYSE:PII) last posted 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 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 analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Polaris Industries Inc. will post $3.58 EPS for the current fiscal year.
The firm also recently announced 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. 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 presently 38.19%.
Several research analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $98.00 price objective on shares of Polaris Industries in a research note on Monday, July 25th. BMO Capital Markets reiterated a “hold” rating on shares of Polaris Industries in a report on Sunday, July 17th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Polaris Industries in a report on Tuesday, July 12th. Zacks Investment Research cut Polaris Industries from a “hold” rating to a “sell” rating in a report on Thursday, June 23rd. Finally, KeyCorp cut Polaris Industries from an “overweight” rating to a “sector weight” rating in a report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Polaris Industries presently has an average 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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