Thrivent Financial For Lutherans raised its position in shares of Polaris Industries Inc. (NYSE:PII) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,262 shares of the company’s stock after buying an additional 5,970 shares during the period. Thrivent Financial For Lutherans owned about 0.20% of Polaris Industries worth $15,780,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Polaris Industries by 4.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after acquiring an additional 202,244 shares during the period. Janus Henderson Group PLC grew its stake in shares of Polaris Industries by 6.2% in the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after acquiring an additional 148,734 shares during the period. BlackRock Inc. grew its stake in shares of Polaris Industries by 2.7% in the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after acquiring an additional 142,737 shares during the period. Columbus Circle Investors bought a new stake in shares of Polaris Industries in the third quarter worth approximately $13,969,000. Finally, Boston Advisors LLC grew its stake in shares of Polaris Industries by 633.7% in the fourth quarter. Boston Advisors LLC now owns 122,234 shares of the company’s stock worth $15,156,000 after acquiring an additional 105,574 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $105.00 price target on shares of Polaris Industries in a research note on Wednesday, January 31st. Wedbush raised their price objective on shares of Polaris Industries from $112.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Citigroup dropped their price objective on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada raised shares of Polaris Industries to a “sector perform” rating and set a $113.00 price objective on the stock in a report on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and a consensus price target of $112.50.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the consensus estimate of $1.47. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. equities analysts expect that Polaris Industries Inc. will post 6.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, February 28th. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s payout ratio is currently 89.22%.
About Polaris Industries
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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