Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Polaris Industries Inc. (NYSE:PII) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 209,444 shares of the company’s stock, valued at approximately $25,968,000. Cornerstone Capital Management Holdings LLC. owned 0.33% of Polaris Industries at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in shares of Polaris Industries by 11.4% in the 3rd quarter. First Trust Advisors LP now owns 17,026 shares of the company’s stock valued at $1,781,000 after acquiring an additional 1,749 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Polaris Industries in the 3rd quarter valued at about $662,000. Andra AP fonden bought a new stake in shares of Polaris Industries in the 3rd quarter valued at about $1,360,000. Principal Financial Group Inc. increased its stake in shares of Polaris Industries by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock valued at $26,225,000 after acquiring an additional 5,894 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Polaris Industries by 0.8% in the 3rd quarter. Swiss National Bank now owns 220,000 shares of the company’s stock valued at $23,019,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 85.15% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE PII) opened at $120.74 on Wednesday. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $137.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The stock has a market capitalization of $7,561.35, a P/E ratio of 44.88, a P/E/G ratio of 1.31 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s dividend payout ratio is presently 89.22%.
PII has been the subject of a number of recent analyst reports. Royal Bank of Canada raised Polaris Industries to a “sector perform” rating and set a $113.00 price target for the company in a research note on Wednesday, January 31st. They noted that the move was a valuation call. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Saturday, January 20th. Longbow Research raised Polaris Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Wedbush upped their price target on Polaris Industries from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “hold” rating and issued a $118.00 price target on shares of Polaris Industries in a research note on Wednesday, January 31st. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and an average target price of $112.50.
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Polaris Industries Company 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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