Fisher Asset Management LLC Decreases Stake in Polaris Industries Inc. (PII)
Fisher Asset Management LLC reduced its stake in Polaris Industries Inc. (NYSE:PII) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,709 shares of the company’s stock after selling 13,722 shares during the period. Fisher Asset Management LLC owned about 0.32% of Polaris Industries worth $15,930,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PII. WFG Advisors LP raised its stake in Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock valued at $104,000 after buying an additional 92 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Polaris Industries by 114.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the company’s stock valued at $123,000 after buying an additional 800 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in Polaris Industries during the second quarter valued at about $136,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Polaris Industries during the second quarter valued at about $139,000. Finally, Tredje AP fonden raised its stake in Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock valued at $158,000 after buying an additional 1,570 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.
Polaris Industries Inc. (NYSE:PII) traded up 0.71% on Friday, reaching $89.35. 360,186 shares of the company’s stock traded hands. Polaris Industries Inc. has a 12-month low of $67.80 and a 12-month high of $106.45. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 22.50 and a beta of 1.23. The stock has a 50 day moving average price of $80.37 and a 200 day moving average price of $83.97.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Polaris Industries had a net margin of 5.93% and a return on equity of 27.74%. The business earned $1.19 billion during the quarter, compared to analyst estimates of $317.71 million. During the same quarter in the previous year, the business posted $2.30 EPS. The company’s quarterly revenue was down 18.6% compared to the same quarter last year. Analysts forecast that Polaris Industries Inc. will post $3.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.46%. Polaris Industries’s dividend payout ratio is currently 55.56%.
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Several analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Polaris Industries in a research report on Thursday, September 8th. They set a “market perform” rating and a $87.00 price target for the company. KeyCorp downgraded shares of Polaris Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 12th. RBC Capital Markets set a $69.00 price target on shares of Polaris Industries and gave the stock a “hold” rating in a research note on Tuesday, September 13th. BMO Capital Markets reissued a “hold” rating and issued a $70.00 price target on shares of Polaris Industries in a research note on Wednesday, September 14th. Finally, Jefferies Group assumed coverage on shares of Polaris Industries in a research note on Friday, September 30th. They issued a “hold” rating and a $69.00 price target for the company. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.78.
Polaris Industries Company Profile
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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