Neuburgh Advisers LLC grew its holdings in Polaris Industries Inc. (NYSE:PII) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,184 shares of the company’s stock after purchasing an additional 550 shares during the quarter. Neuburgh Advisers LLC’s holdings in Polaris Industries were worth $747,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PII. The Manufacturers Life Insurance Company boosted its position in shares of Polaris Industries by 1.9% in the first quarter. The Manufacturers Life Insurance Company now owns 5,788,808 shares of the company’s stock valued at $488,749,000 after acquiring an additional 106,531 shares during the period. BlackRock Inc. boosted its holdings in Polaris Industries by 0.9% in the 1st quarter. BlackRock Inc. now owns 5,785,774 shares of the company’s stock valued at $488,496,000 after purchasing an additional 52,706 shares during the period. Wells Fargo & Company MN boosted its holdings in Polaris Industries by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 3,159,995 shares of the company’s stock valued at $288,286,000 after purchasing an additional 49,948 shares during the period. Confluence Investment Management LLC raised its position in shares of Polaris Industries by 0.8% during the second quarter. Confluence Investment Management LLC now owns 1,163,071 shares of the company’s stock valued at $106,107,000 after buying an additional 9,451 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Polaris Industries by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 615,100 shares of the company’s stock valued at $47,134,000 after buying an additional 87,843 shares during the period. Institutional investors and hedge funds own 76.54% of the company’s stock.

PII has been the topic of several research reports. KeyCorp set a $125.00 price target on Polaris Industries and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on Polaris Industries to $92.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Raymond James reduced their price objective on Polaris Industries from $115.00 to $108.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, BMO Capital Markets upgraded Polaris Industries from a “market perform” rating to an “outperform” rating and upped their target price for the company from $96.00 to $99.00 in a research note on Tuesday, May 21st. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $107.85.

Shares of PII stock traded up $1.02 during trading hours on Wednesday, hitting $88.63. The company had a trading volume of 30,547 shares, compared to its average volume of 790,039. Polaris Industries Inc. has a 12 month low of $70.27 and a 12 month high of $111.07. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.15 and a beta of 1.43. The firm’s fifty day moving average is $86.03 and its 200 day moving average is $88.14. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.33 and a current ratio of 1.18.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, July 23rd. The company reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.07. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. Polaris Industries’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. On average, sell-side analysts expect that Polaris Industries Inc. will post 6.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, August 30th. This represents a $2.44 annualized dividend and a yield of 2.75%. Polaris Industries’s dividend payout ratio is currently 37.20%.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

Further Reading: When can a hold rating present a buying opportunity?

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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