Polaris Industries Inc. (PII) Stake Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. decreased its stake in Polaris Industries Inc. (NYSE:PII) by 16.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 214,391 shares of the company’s stock after selling 42,637 shares during the period. Ameriprise Financial Inc. owned 0.33% of Polaris Industries worth $17,529,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Polaris Industries by 52.5% in the first quarter. IFP Advisors Inc now owns 3,954 shares of the company’s stock valued at $389,000 after buying an additional 1,362 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Polaris Industries during the first quarter valued at about $2,520,000. Virginia Retirement System bought a new stake in shares of Polaris Industries during the first quarter valued at about $12,173,000. Alexandria Capital LLC raised its stake in shares of Polaris Industries by 149.6% in the first quarter. Alexandria Capital LLC now owns 48,400 shares of the company’s stock valued at $4,767,000 after buying an additional 29,010 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Polaris Industries by 57.0% in the first quarter. Aperio Group LLC now owns 25,210 shares of the company’s stock valued at $2,483,000 after buying an additional 9,152 shares during the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE:PII) traded up 2.66% during mid-day trading on Wednesday, reaching $73.42. 1,567,124 shares of the company’s stock traded hands. Polaris Industries Inc. has a 12-month low of $67.80 and a 12-month high of $126.36. The stock has a 50-day moving average price of $87.46 and a 200-day moving average price of $89.74. The stock has a market capitalization of $4.71 billion, a PE ratio of 12.68 and a beta of 1.42.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $1.49 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that Polaris Industries Inc. will post $3.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.55 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 annualized dividend and a yield of 3.08%. Polaris Industries’s payout ratio is presently 38.19%.
Several brokerages have recently issued reports on PII. B. Riley restated a “neutral” rating and set a $98.00 price target on shares of Polaris Industries in a research note on Monday, July 25th. Wunderlich restated a “buy” rating and set a $112.00 price target on shares of Polaris Industries in a research note on Sunday, July 24th. RBC Capital Markets restated a “hold” rating and set a $88.00 price target on shares of Polaris Industries in a research note on Wednesday, July 27th. Royal Bank Of Canada raised their price target on shares of Polaris Industries from $84.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Finally, TheStreet upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Polaris Industries has an average rating of “Hold” and a consensus price target of $84.52.
About Polaris Industries
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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