MML Investors Services LLC raised its position in shares of Polaris Industries Inc. (NYSE:PII) by 64.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,450 shares of the company’s stock after buying an additional 1,353 shares during the period. MML Investors Services LLC’s holdings in Polaris Industries were worth $428,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Polaris Industries by 2.7% in the 4th quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after purchasing an additional 142,737 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Polaris Industries by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after purchasing an additional 202,244 shares during the period. Janus Henderson Group PLC lifted its position in shares of Polaris Industries by 6.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after purchasing an additional 148,734 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Polaris Industries by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock worth $94,076,000 after purchasing an additional 42,596 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Polaris Industries by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 472,552 shares of the company’s stock worth $58,554,000 after purchasing an additional 10,183 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.
PII has been the subject of several research analyst reports. Royal Bank of Canada raised shares of Polaris Industries to a “sector perform” rating and set a $113.00 target price for the company in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Saturday, January 20th. Longbow Research raised shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Wedbush raised their target price on shares of Polaris Industries from $112.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “hold” rating and issued a $118.00 target price on shares of Polaris Industries in a research report on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $112.50.
Polaris Industries Inc. (PII) opened at $121.56 on Tuesday. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $137.66. The stock has a market cap of $7,764.40, a PE ratio of 25.44, a P/E/G ratio of 1.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. Polaris Industries’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. equities analysts anticipate that Polaris Industries Inc. will post 6.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.60 per share. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Wednesday, February 28th. Polaris Industries’s dividend payout ratio (DPR) is currently 89.22%.
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Polaris Industries Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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