Public Employees Retirement Association of Colorado decreased its stake in Polaris Industries Inc. (NYSE:PII) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,233 shares of the company’s stock after selling 56 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Polaris Industries were worth $1,128,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares during the last quarter. Kiltearn Partners LLP raised its position in shares of Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock valued at $145,911,000 after buying an additional 1,359,430 shares during the period. Cincinnati Financial Corp raised its position in shares of Polaris Industries by 3,020.0% in the first quarter. Cincinnati Financial Corp now owns 780,000 shares of the company’s stock valued at $65,364,000 after buying an additional 755,000 shares during the period. Janus Capital Management LLC raised its position in shares of Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock valued at $196,447,000 after buying an additional 627,535 shares during the period. Finally, Confluence Investment Management LLC raised its position in shares of Polaris Industries by 51.5% in the second quarter. Confluence Investment Management LLC now owns 1,106,651 shares of the company’s stock valued at $102,066,000 after buying an additional 376,083 shares during the period. Hedge funds and other institutional investors own 93.65% of the company’s stock.

Polaris Industries Inc. (NYSE PII) opened at 90.94 on Tuesday. The firm has a market capitalization of $5.69 billion, a PE ratio of 38.03 and a beta of 1.31. Polaris Industries Inc. has a one year low of $70.14 and a one year high of $99.16. The stock has a 50 day moving average of $90.66 and a 200-day moving average of $86.93.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results 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. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. On average, equities analysts predict that Polaris Industries Inc. will post $4.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s dividend payout ratio is currently 97.07%.

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PII has been the subject of several research analyst reports. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research note on Friday, June 9th. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Wedbush reissued a “neutral” rating and issued a $75.00 price objective on shares of Polaris Industries in a research note on Tuesday, June 6th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a research note on Monday, June 5th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.87.

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

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