Schwab Charles Investment Management Inc. increased its holdings in shares of Polaris Industries (NYSE:PII) by 26.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 441,807 shares of the company’s stock after purchasing an additional 92,350 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.70% of Polaris Industries worth $50,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PII. State of Alaska Department of Revenue purchased a new stake in Polaris Industries in the fourth quarter valued at approximately $533,000. GW&K Investment Management LLC lifted its stake in Polaris Industries by 0.5% in the fourth quarter. GW&K Investment Management LLC now owns 173,820 shares of the company’s stock valued at $21,552,000 after buying an additional 924 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Polaris Industries by 4.1% in the fourth quarter. Conestoga Capital Advisors LLC now owns 20,434 shares of the company’s stock valued at $2,534,000 after buying an additional 800 shares during the last quarter. James Investment Research Inc. purchased a new stake in Polaris Industries in the fourth quarter valued at approximately $1,989,000. Finally, Rice Hall James & Associates LLC lifted its stake in Polaris Industries by 374.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 33,338 shares of the company’s stock valued at $4,134,000 after buying an additional 26,312 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.
Get Polaris Industries alerts:Shares of Polaris Industries opened at $112.52 on Monday, Marketbeat.com reports. The company has a current ratio of 1.24, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The firm has a market cap of $7.11 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Polaris Industries has a 1-year low of $82.77 and a 1-year high of $137.66.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.19. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. Polaris Industries’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. equities analysts predict that Polaris Industries will post 6.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, May 31st. Polaris Industries’s dividend payout ratio (DPR) is 49.48%.
A number of equities research analysts have weighed in on the company. ValuEngine cut Polaris Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. TheStreet upgraded Polaris Industries from a “c+” rating to a “b” rating in a research note on Tuesday, April 24th. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective (up previously from $105.00) on shares of Polaris Industries in a research note on Monday, April 9th. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Citigroup reduced their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.88.
Polaris Industries Company 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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