Polaris Industries Inc. (PII) Shares Bought by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC boosted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 7,884 shares of the company’s stock after buying an additional 744 shares during the period. Rice Hall James & Associates LLC’s holdings in Polaris Industries were worth $727,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in PII. IFP Advisors Inc raised its position in Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares during the period. Sheets Smith Wealth Management raised its position in Polaris Industries by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after buying an additional 14 shares during the period. Rehmann Capital Advisory Group raised its position in Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock valued at $207,000 after buying an additional 23 shares during the period. CAPROCK Group Inc. raised its position in Polaris Industries by 0.5% in the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock valued at $460,000 after buying an additional 27 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Polaris Industries by 0.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock valued at $760,000 after buying an additional 35 shares during the period. 93.65% of the stock is owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE:PII) opened at 88.43 on Wednesday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 36.98 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 company has a 50-day moving average price of $90.58 and a 200-day moving average price of $86.94.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Equities research analysts anticipate that Polaris Industries Inc. will post $4.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s payout ratio is 97.07%.
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Several research firms have recently commented on PII. BidaskClub lowered Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 target price (up from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. TheStreet raised Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Finally, Lake Street Capital upped their target price on Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $86.87.
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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