Thrivent Financial for Lutherans Reduces Position in Polaris Industries (PII)

Thrivent Financial for Lutherans cut its position in shares of Polaris Industries (NYSE:PII) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,218 shares of the company’s stock after selling 8,044 shares during the period. Thrivent Financial for Lutherans owned approximately 0.19% of Polaris Industries worth $13,653,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Dynamic Advisors Solutions LLC lifted its stake in shares of Polaris Industries by 4.7% in the 4th quarter. Dynamic Advisors Solutions LLC now owns 10,781 shares of the company’s stock valued at $1,337,000 after purchasing an additional 481 shares during the last quarter. Morse Asset Management Inc lifted its stake in shares of Polaris Industries by 5.1% in the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after purchasing an additional 500 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Polaris Industries by 2.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,503 shares of the company’s stock valued at $2,348,000 after purchasing an additional 500 shares during the last quarter. NuWave Investment Management LLC lifted its stake in shares of Polaris Industries by 57.9% in the 1st quarter. NuWave Investment Management LLC now owns 1,566 shares of the company’s stock valued at $179,000 after purchasing an additional 574 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Polaris Industries by 5.5% in the 4th quarter. Amalgamated Bank now owns 12,381 shares of the company’s stock valued at $1,535,000 after purchasing an additional 649 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Shares of PII stock opened at $112.52 on Monday. Polaris Industries has a 52-week low of $82.77 and a 52-week high of $137.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.41. The company has a market cap of $7.11 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $0.75 EPS. Polaris Industries’s quarterly revenue was up 12.5% compared to the same quarter last year. research analysts expect that Polaris Industries will post 6.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 31st. Polaris Industries’s dividend payout ratio is currently 49.48%.

PII has been the subject of several analyst reports. Wells Fargo raised Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $144.00 price objective (up from $121.00) on shares of Polaris Industries in a research note on Monday, January 29th. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Friday, February 2nd. Royal Bank of Canada raised Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 price objective for the company in a research note on Monday, January 22nd. Finally, Stephens reaffirmed a “hold” rating and issued a $132.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Polaris Industries has a consensus rating of “Hold” and a consensus price target of $112.88.

Polaris Industries 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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