Toronto Dominion Bank Reduces Stock Position in Polaris Industries Inc. (NYSE:PII)

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Toronto Dominion Bank cut its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,837 shares of the company’s stock after selling 1,729 shares during the quarter. Toronto Dominion Bank’s holdings in Polaris Industries were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FTB Advisors Inc. increased its holdings in Polaris Industries by 140.1% during the 2nd quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Synovus Financial Corp increased its holdings in Polaris Industries by 25,800.0% during the 2nd quarter. Synovus Financial Corp now owns 518 shares of the company’s stock worth $47,000 after purchasing an additional 516 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new stake in Polaris Industries during the 2nd quarter worth approximately $49,000. Coastal Investment Advisors Inc. increased its holdings in Polaris Industries by 88.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 526 shares of the company’s stock worth $49,000 after purchasing an additional 247 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Polaris Industries during the 2nd quarter worth approximately $79,000. Institutional investors own 76.51% of the company’s stock.

PII has been the subject of a number of research analyst reports. ValuEngine upgraded Polaris Industries from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Raymond James lowered their price target on Polaris Industries from $115.00 to $108.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th. Wedbush lowered their price target on Polaris Industries from $117.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada lowered their price target on Polaris Industries to $92.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $107.85.

PII traded up $1.69 during trading on Thursday, reaching $90.88. 292,098 shares of the company were exchanged, compared to its average volume of 720,418. The stock has a market cap of $5.56 billion, a P/E ratio of 13.85, a PEG ratio of 1.22 and a beta of 1.43. The firm has a 50 day moving average of $85.61 and a 200 day moving average of $88.26. The company has a current ratio of 1.18, a quick ratio of 0.33 and a debt-to-equity ratio of 2.00. Polaris Industries Inc. has a 52 week low of $70.27 and a 52 week high of $110.70.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 EPS. As a group, analysts forecast that Polaris Industries Inc. will post 6.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.44 dividend on an annualized basis and a yield of 2.68%. Polaris Industries’s payout ratio is currently 37.20%.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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

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