Dividend Assets Capital LLC reduced its position in Polaris Industries Inc. (NYSE:PII) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,498 shares of the company’s stock after selling 2,069 shares during the period. Dividend Assets Capital LLC’s holdings in Polaris Industries were worth $3,483,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cadence Capital Management LLC lifted its stake in shares of Polaris Industries by 31.1% in the 3rd quarter. Cadence Capital Management LLC now owns 16,855 shares of the company’s stock valued at $1,702,000 after purchasing an additional 4,002 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Polaris Industries by 23.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 8,800 shares of the company’s stock valued at $888,000 after purchasing an additional 1,700 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Polaris Industries by 1.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,971,943 shares of the company’s stock valued at $300,017,000 after purchasing an additional 43,617 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Polaris Industries by 76.3% in the 3rd quarter. Private Advisor Group LLC now owns 8,510 shares of the company’s stock valued at $859,000 after purchasing an additional 3,682 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its stake in shares of Polaris Industries by 10.2% in the 3rd quarter. Chicago Equity Partners LLC now owns 14,505 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,340 shares in the last quarter. 84.07% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on PII shares. Zacks Investment Research lowered Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Citigroup lifted their price objective on Polaris Industries from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Saturday, October 20th. B. Riley raised Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, October 23rd. Finally, Robert W. Baird reduced their price objective on Polaris Industries from $125.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $111.23.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.57 by $0.29. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a return on equity of 43.14% and a net margin of 4.68%. Polaris Industries’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. Sell-side analysts expect that Polaris Industries Inc. will post 6.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.
Polaris Industries Profile
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.
See Also: Relative Strength Index
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).
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.