Gs Investments Inc. grew its holdings in Polaris Industries Inc. (NYSE:PII) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,500 shares of the company’s stock after acquiring an additional 1,255 shares during the quarter. Gs Investments Inc.’s holdings in Polaris Industries were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PII. Mainstay Capital Management LLC ADV boosted its position in shares of Polaris Industries by 9,266.6% in the second quarter. Mainstay Capital Management LLC ADV now owns 773,404 shares of the company’s stock valued at $6,539,000 after acquiring an additional 765,147 shares during the period. BlackRock Inc. boosted its position in shares of Polaris Industries by 2.8% in the second quarter. BlackRock Inc. now owns 5,754,365 shares of the company’s stock valued at $703,068,000 after acquiring an additional 154,787 shares during the period. Icon Advisers Inc. Co. bought a new stake in shares of Polaris Industries in the second quarter valued at approximately $13,227,000. Morgan Stanley boosted its position in shares of Polaris Industries by 41.8% in the second quarter. Morgan Stanley now owns 360,660 shares of the company’s stock valued at $44,064,000 after acquiring an additional 106,354 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Polaris Industries by 1.5% in the third quarter. Wells Fargo & Company MN now owns 2,971,943 shares of the company’s stock valued at $300,017,000 after acquiring an additional 43,617 shares during the period. 84.07% of the stock is owned by institutional investors.

Shares of PII stock opened at $90.96 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 15.38, a PEG ratio of 0.96 and a beta of 1.01. Polaris Industries Inc. has a one year low of $84.63 and a one year high of $137.66. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.19 and a quick ratio of 0.40.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.64%. Polaris Industries’s dividend payout ratio is currently 49.48%.

Several research firms have recently weighed in on PII. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Tuesday, August 7th. Raymond James raised Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research report on Friday, October 26th. Lake Street Capital set a $124.00 target price on Polaris Industries and gave the stock a “buy” rating in a research report on Monday, October 22nd. Royal Bank of Canada reduced their target price on Polaris Industries to $96.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 17th. Finally, Citigroup raised their target price on Polaris Industries from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $111.23.

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

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