Victory Capital Management Inc. Takes Position in Polaris Industries Inc. (PII)

Victory Capital Management Inc. acquired a new position in shares of Polaris Industries Inc. (NYSE:PII) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 26,276 shares of the company’s stock, valued at approximately $2,653,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BancorpSouth Bank grew its stake in shares of Polaris Industries by 11.8% in the 2nd quarter. BancorpSouth Bank now owns 4,515 shares of the company’s stock worth $552,000 after acquiring an additional 477 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Polaris Industries by 8.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the company’s stock worth $760,000 after acquiring an additional 505 shares in the last quarter. WESPAC Advisors SoCal LLC grew its stake in shares of Polaris Industries by 7.4% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 8,485 shares of the company’s stock worth $856,000 after acquiring an additional 585 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Polaris Industries by 2.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,288 shares of the company’s stock worth $2,351,000 after acquiring an additional 590 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Polaris Industries by 5.2% in the 3rd quarter. Creative Planning now owns 11,953 shares of the company’s stock worth $1,207,000 after acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Shares of NYSE:PII opened at $95.11 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.19 and a quick ratio of 0.40. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.01. Polaris Industries Inc. has a twelve month low of $84.63 and a twelve month high of $137.66.

Polaris Industries (NYSE:PII) last issued its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.29. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $1.46 earnings per share. Analysts predict that Polaris Industries Inc. will post 6.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.40 dividend on an annualized basis and a yield of 2.52%. Polaris Industries’s dividend payout ratio is presently 49.48%.

Several research firms have recently issued reports on PII. Citigroup reduced their target price on shares of Polaris Industries from $126.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Raymond James upgraded shares of Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research note on Friday, October 26th. BMO Capital Markets reduced their target price on shares of Polaris Industries from $110.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, October 24th. Longbow Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, October 23rd. Finally, SunTrust Banks reduced their target price on shares of Polaris Industries to $100.00 and set a “hold” rating for the company in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Polaris Industries has a consensus rating of “Hold” and an average price target of $111.23.

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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.

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

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