Prudential PLC increased its position in shares of Polaris Industries Inc. (NYSE:PII) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,166 shares of the company’s stock after purchasing an additional 3,020 shares during the period. Prudential PLC’s holdings in Polaris Industries were worth $4,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Polaris Industries by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 544,656 shares of the company’s stock worth $41,762,000 after purchasing an additional 10,566 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Polaris Industries by 14.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 15,203 shares of the company’s stock worth $1,166,000 after purchasing an additional 1,933 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Polaris Industries by 13.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 9,830 shares of the company’s stock worth $754,000 after purchasing an additional 1,200 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Polaris Industries by 8.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 69,512 shares of the company’s stock worth $5,065,000 after purchasing an additional 5,297 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Polaris Industries by 1.9% during the 4th quarter. Northern Trust Corp now owns 530,139 shares of the company’s stock worth $40,651,000 after purchasing an additional 9,994 shares in the last quarter. 79.97% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Kevin M. Farr bought 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the completion of the transaction, the director now owns 15,604 shares in the company, valued at $1,382,358.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

PII has been the subject of a number of recent research reports. B. Riley cut shares of Polaris Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $126.00 to $99.00 in a research note on Monday, December 10th. Wells Fargo & Co dropped their price objective on shares of Polaris Industries from $115.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, December 18th. ValuEngine cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, TheStreet cut shares of Polaris Industries from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $104.17.

Shares of NYSE PII opened at $85.28 on Friday. Polaris Industries Inc. has a 1 year low of $70.27 and a 1 year high of $131.25. The company has a market cap of $5.39 billion, a P/E ratio of 13.00, a PEG ratio of 0.96 and a beta of 1.11. The company has a current ratio of 1.24, a quick ratio of 0.43 and a debt-to-equity ratio of 2.19.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.01. Polaris Industries had a net margin of 5.52% and a return on equity of 45.91%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business earned $1.47 earnings per share. Polaris Industries’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that Polaris Industries Inc. will post 6.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s dividend payout ratio (DPR) is 37.20%.

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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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