Alliancebernstein L.P. Has $4 Million Position in Polaris Industries Inc. (PII)
Alliancebernstein L.P. trimmed its holdings in Polaris Industries Inc. (NYSE:PII) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 43,392 shares of the company’s stock after selling 162 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of Polaris Industries worth $4,002,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC grew its position in Polaris Industries by 625.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after acquiring an additional 63,072 shares during the period. Victory Capital Management Inc. grew its position in Polaris Industries by 15.4% in the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after acquiring an additional 7,171 shares during the period. Staton Financial Advisors LLC grew its position in Polaris Industries by 3.1% in the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after acquiring an additional 1,203 shares during the period. Marshall Wace North America L.P. grew its position in Polaris Industries by 860.0% in the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock worth $2,244,000 after acquiring an additional 21,853 shares during the period. Finally, Swiss National Bank grew its position in Polaris Industries by 1.2% in the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 95.20% of the company’s stock.
Polaris Industries Inc. (PII) opened at 104.56 on Friday. Polaris Industries Inc. has a 52-week low of $73.07 and a 52-week high of $108.46. The stock’s 50 day moving average price is $99.93 and its 200 day moving average price is $90.26. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 43.73 and a beta of 1.31.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $1.09 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that Polaris Industries Inc. will post $4.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. Polaris Industries’s dividend payout ratio is presently 97.07%.
In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Bilicic purchased 2,833 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $95.18 per share, with a total value of $269,644.94. Following the completion of the transaction, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.
Several brokerages recently weighed in on PII. B. Riley reiterated a “neutral” rating and issued a $91.00 price objective on shares of Polaris Industries in a research report on Friday, July 21st. Royal Bank Of Canada reiterated a “sell” rating and issued a $80.00 price objective on shares of Polaris Industries in a research report on Tuesday. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Friday, September 29th. Stifel Nicolaus increased their price objective on Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research report on Friday, July 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Polaris Industries in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $91.31.
Polaris Industries Company 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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