Polaris Industries Inc. (PII) Position Cut by Northstar Investment Advisors LLC
Northstar Investment Advisors LLC trimmed its holdings in Polaris Industries Inc. (NYSE:PII) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,935 shares of the company’s stock after selling 2,498 shares during the quarter. Northstar Investment Advisors LLC owned about 0.14% of Polaris Industries worth $6,436,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. FMR LLC lifted its position in Polaris Industries by 0.5% in the second quarter. FMR LLC now owns 1,309,355 shares of the company’s stock worth $159,977,000 after purchasing an additional 6,500 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Polaris Industries by 8.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the company’s stock worth $760,000 after purchasing an additional 505 shares during the period. First Republic Investment Management Inc. acquired a new stake in Polaris Industries in the second quarter worth approximately $453,000. Natixis acquired a new stake in Polaris Industries in the second quarter worth approximately $345,000. Finally, Morgan Stanley lifted its position in Polaris Industries by 41.8% in the second quarter. Morgan Stanley now owns 360,660 shares of the company’s stock worth $44,064,000 after purchasing an additional 106,354 shares during the period. 82.13% of the stock is owned by institutional investors and hedge funds.
Shares of PII traded down $0.61 during mid-day trading on Friday, reaching $83.64. The company’s stock had a trading volume of 1,876 shares, compared to its average volume of 622,000. The firm has a market capitalization of $5.18 billion, a P/E ratio of 17.24, a PEG ratio of 0.79 and a beta of 1.18. Polaris Industries Inc. has a 1 year low of $70.27 and a 1 year high of $137.66. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00.
The business also recently declared a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.
A number of equities research analysts have recently commented on the company. Raymond James upgraded Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research report on Friday, October 26th. Zacks Investment Research downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Lake Street Capital set a $124.00 price objective on Polaris Industries and gave the company a “buy” rating in a research report on Monday, October 22nd. Royal Bank of Canada cut their price objective on Polaris Industries to $96.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 17th. Finally, Longbow Research reiterated a “hold” rating on shares of Polaris Industries in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $107.23.
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About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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