Alyeska Investment Group L.P. Has $34.87 Million Position in Polaris Industries Inc. (PII)
Alyeska Investment Group L.P. lessened its holdings in Polaris Industries Inc. (NYSE:PII) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,310 shares of the company’s stock after selling 95,644 shares during the period. Alyeska Investment Group L.P. owned 0.53% of Polaris Industries worth $34,874,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares during the last quarter. Ffcm LLC lifted its position in Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after acquiring an additional 115 shares during the last quarter. TD Asset Management Inc. acquired a new position in Polaris Industries during the 3rd quarter worth $222,000. Finally, HighPoint Advisor Group LLC acquired a new position in Polaris Industries during the 3rd quarter worth $230,000. 91.08% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on PII. Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price on shares of Polaris Industries in a research report on Thursday, September 7th. Aegis reissued a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research report on Thursday, August 17th. SunTrust Banks reissued a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Robert W. Baird boosted their target price on shares of Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, B. Riley boosted their target price on shares of Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $99.27.
Polaris Industries Inc. (NYSE PII) opened at $133.70 on Friday. Polaris Industries Inc. has a twelve month low of $77.91 and a twelve month high of $134.29. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. The stock has a market cap of $8,361.87, a PE ratio of 29.38, a PEG ratio of 1.84 and a beta of 1.41.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. equities research analysts forecast that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.74%. Polaris Industries’s payout ratio is 73.19%.
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Polaris Industries Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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