Jefferies Group LLC grew its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,905 shares of the company’s stock after purchasing an additional 1,953 shares during the period. Jefferies Group LLC’s holdings in Polaris Industries were worth $1,724,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Calton & Associates Inc. purchased a new stake in Polaris Industries during the fourth quarter worth about $112,000. Gradient Investments LLC purchased a new stake in Polaris Industries during the fourth quarter worth about $113,000. Delpha Capital Management LLC purchased a new stake in Polaris Industries during the fourth quarter worth about $120,000. NuWave Investment Management LLC acquired a new position in shares of Polaris Industries during the fourth quarter worth about $123,000. Finally, Assetmark Inc. grew its position in shares of Polaris Industries by 1,097.8% during the fourth quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after buying an additional 988 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.
Polaris Industries Inc. (NYSE PII) opened at $120.74 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93. 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. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $137.66.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. This is an increase 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 89.22%.
PII has been the subject of a number of analyst reports. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Wells Fargo & Co raised Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $144.00 price objective (up from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Stephens set a $133.00 price objective on Polaris Industries and gave the stock a “hold” rating in a research report on Friday, January 19th. Finally, Wedbush reissued a “neutral” rating and set a $119.00 price objective (up from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Polaris Industries has an average rating of “Hold” and a consensus target price of $112.50.
ILLEGAL ACTIVITY NOTICE: “Jefferies Group LLC Acquires 1,953 Shares of Polaris Industries Inc. (PII)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/14/jefferies-group-llc-acquires-1953-shares-of-polaris-industries-inc-pii.html.
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.
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.