GW&K Investment Management LLC Lowers Position in Polaris Industries Inc. (PII)
GW&K Investment Management LLC reduced its position in Polaris Industries Inc. (NYSE:PII) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 214,346 shares of the company’s stock after selling 1,034 shares during the period. GW&K Investment Management LLC’s holdings in Polaris Industries were worth $21,638,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in PII. Squar Milner Financial Services LLC bought a new stake in shares of Polaris Industries during the second quarter valued at about $108,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Polaris Industries during the second quarter valued at about $203,000. Engineers Gate Manager LP bought a new stake in shares of Polaris Industries during the second quarter valued at about $208,000. Hartford Investment Management Co. bought a new stake in shares of Polaris Industries during the second quarter valued at about $216,000. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in shares of Polaris Industries during the third quarter valued at about $217,000. Institutional investors and hedge funds own 84.08% of the company’s stock.
Several equities research analysts have recently weighed in on PII shares. Stifel Nicolaus upped their price target on Polaris Industries from $118.00 to $123.00 and gave the company a “hold” rating in a research report on Tuesday, July 17th. ValuEngine cut Polaris Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Wells Fargo & Co decreased their price target on Polaris Industries from $132.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, July 26th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Polaris Industries in a research report on Thursday, July 26th. Finally, SunTrust Banks decreased their price target on Polaris Industries to $115.00 and set a “positive” rating on the stock in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $111.23.
Polaris Industries (NYSE:PII) last issued its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.29. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a return on equity of 43.14% and a net margin of 4.68%. Polaris Industries’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 earnings per share. As a group, sell-side analysts predict that Polaris Industries Inc. will post 6.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, November 30th. Polaris Industries’s dividend payout ratio is currently 49.48%.
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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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