Great West Life Assurance Co. Can increased its position in shares of Polaris Industries Inc. (NYSE:PII) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,512 shares of the company’s stock after purchasing an additional 5,297 shares during the period. Great West Life Assurance Co. Can owned approximately 0.11% of Polaris Industries worth $5,065,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Polaris Industries by 62.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,048 shares of the company’s stock worth $207,000 after purchasing an additional 790 shares during the period. AQR Capital Management LLC lifted its holdings in Polaris Industries by 31.7% during the 3rd quarter. AQR Capital Management LLC now owns 29,000 shares of the company’s stock valued at $2,928,000 after buying an additional 6,979 shares in the last quarter. LPL Financial LLC lifted its holdings in Polaris Industries by 65.2% during the 3rd quarter. LPL Financial LLC now owns 20,817 shares of the company’s stock valued at $2,101,000 after buying an additional 8,213 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Polaris Industries by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after buying an additional 91,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Polaris Industries by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,104 shares of the company’s stock valued at $548,977,000 after buying an additional 186,125 shares in the last quarter. 79.97% of the stock is owned by hedge funds and other institutional investors.
NYSE:PII opened at $86.52 on Friday. Polaris Industries Inc. has a one year low of $70.27 and a one year high of $131.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.24 and a quick ratio of 0.43. The stock has a market capitalization of $5.27 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.11.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.82 by $0.01. Polaris Industries had a net margin of 5.52% and a return on equity of 45.91%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Research analysts forecast that Polaris Industries Inc. will post 6.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.61 dividend. The ex-dividend date was Thursday, February 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.82%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s payout ratio is currently 37.20%.
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co decreased their price objective on shares of Polaris Industries from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. B. Riley lowered shares of Polaris Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $126.00 to $99.00 in a report on Monday, December 10th. ValuEngine lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, TheStreet lowered shares of Polaris Industries from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.17.
In other Polaris Industries news, Director Kevin M. Farr purchased 1,125 shares of Polaris Industries stock in a transaction dated Tuesday, February 26th. The stock was acquired at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the acquisition, the director now owns 15,604 shares in the company, valued at approximately $1,382,358.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.40% of the company’s stock.
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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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