Natixis Advisors L.P. grew its position in shares of Polaris Industries Inc. (NYSE:PII) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,023 shares of the company’s stock after purchasing an additional 944 shares during the period. Natixis Advisors L.P.’s holdings in Polaris Industries were worth $1,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI increased its holdings in Polaris Industries by 0.3% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 35,526 shares of the company’s stock valued at $3,241,000 after acquiring an additional 110 shares in the last quarter. BancorpSouth Bank increased its holdings in Polaris Industries by 2.4% in the second quarter. BancorpSouth Bank now owns 4,794 shares of the company’s stock worth $437,000 after buying an additional 111 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Polaris Industries by 0.9% in the second quarter. State of Alaska Department of Revenue now owns 14,744 shares of the company’s stock worth $1,344,000 after buying an additional 131 shares during the last quarter. Advisory Services Network LLC increased its holdings in Polaris Industries by 0.9% in the first quarter. Advisory Services Network LLC now owns 16,180 shares of the company’s stock worth $1,366,000 after buying an additional 144 shares during the last quarter. Finally, Cordatus Wealth Management LLC increased its holdings in Polaris Industries by 4.1% in the second quarter. Cordatus Wealth Management LLC now owns 3,737 shares of the company’s stock worth $341,000 after buying an additional 146 shares during the last quarter. 76.51% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on PII shares. Wedbush dropped their price objective on Polaris Industries from $117.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada dropped their price objective on Polaris Industries to $92.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. ValuEngine upgraded Polaris Industries from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Raymond James dropped their price objective on Polaris Industries from $115.00 to $108.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, KeyCorp set a $125.00 price objective on Polaris Industries and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $107.85.

Polaris Industries stock traded down $1.04 during trading hours on Tuesday, reaching $89.89. 86,174 shares of the company were exchanged, compared to its average volume of 752,771. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.22 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 0.33 and a debt-to-equity ratio of 2.00. The stock has a 50-day moving average of $85.76 and a 200 day moving average of $88.22. Polaris Industries Inc. has a 12 month low of $70.27 and a 12 month high of $111.07.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, July 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. As a group, research analysts forecast that Polaris Industries Inc. will post 6.22 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.61 per share. The ex-dividend date was Friday, August 30th. This represents a $2.44 dividend on an annualized basis and a yield of 2.71%. Polaris Industries’s 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.

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

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