Kornitzer Capital Management Inc. KS Acquires 130 Shares of Polaris Industries Inc. (PII)
Kornitzer Capital Management Inc. KS increased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 217,212 shares of the company’s stock after buying an additional 130 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Polaris Industries were worth $17,759,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Polaris Industries by 78.1% in the first quarter. State Street Corp now owns 3,547,404 shares of the company’s stock valued at $349,351,000 after buying an additional 1,555,422 shares during the period. Southernsun Asset Management LLC raised its position in Polaris Industries by 28.3% in the first quarter. Southernsun Asset Management LLC now owns 2,189,770 shares of the company’s stock worth $215,649,000 after buying an additional 483,351 shares during the last quarter. Dividend Assets Capital LLC raised its position in Polaris Industries by 7.7% in the second quarter. Dividend Assets Capital LLC now owns 957,666 shares of the company’s stock worth $78,299,000 after buying an additional 68,306 shares during the last quarter. American Century Companies Inc. acquired a new position in Polaris Industries during the second quarter worth $69,813,000. Finally, Geode Capital Management LLC raised its position in Polaris Industries by 14.0% in the first quarter. Geode Capital Management LLC now owns 480,365 shares of the company’s stock worth $47,283,000 after buying an additional 59,146 shares during the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) traded up 0.45% during midday trading on Friday, reaching $75.79. 686,405 shares of the company traded hands. Polaris Industries Inc. has a 12 month low of $67.80 and a 12 month high of $124.39. The company’s 50 day moving average is $78.15 and its 200-day moving average is $87.23. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.09 and a beta of 1.46.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. Equities research analysts forecast that Polaris Industries Inc. will post $3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.92%. Polaris Industries’s dividend payout ratio is currently 38.19%.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating on shares of Polaris Industries in a research report on Sunday, July 17th. B. Riley restated a “neutral” rating and set a $98.00 price target on shares of Polaris Industries in a research report on Monday, July 25th. Royal Bank Of Canada boosted 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 report on Thursday, July 21st. Longbow Research restated an “underperform” rating and set a $70.00 price target on shares of Polaris Industries in a research report on Saturday, September 3rd. Finally, Lake Street Capital boosted their price target on shares of Polaris Industries from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and an average target price of $83.60.
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.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.