Northstar Investment Advisors LLC reduced its holdings in Polaris Industries Inc. (NYSE:PII) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 83,935 shares of the company’s stock after selling 2,498 shares during the quarter. Northstar Investment Advisors LLC’s holdings in Polaris Industries were worth $6,436,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. FMR LLC lifted its stake in shares of Polaris Industries by 0.5% in the second quarter. FMR LLC now owns 1,309,355 shares of the company’s stock valued at $159,977,000 after buying an additional 6,500 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Polaris Industries by 8.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the company’s stock valued at $760,000 after buying an additional 505 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Polaris Industries in the second quarter valued at about $453,000. Natixis bought a new stake in shares of Polaris Industries in the second quarter valued at about $345,000. Finally, Morgan Stanley lifted its stake in shares of Polaris Industries by 41.8% in the second quarter. Morgan Stanley now owns 360,660 shares of the company’s stock valued at $44,064,000 after buying an additional 106,354 shares during the period. 82.13% of the stock is currently owned by institutional investors.
PII has been the subject of several research reports. Longbow Research reiterated a “buy” rating on shares of Polaris Industries in a research note on Friday, October 5th. B. Riley upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, October 23rd. Lake Street Capital set a $124.00 target price on shares of Polaris Industries and gave the company a “buy” rating in a research note on Monday, October 22nd. Citigroup reduced their target price on shares of Polaris Industries from $126.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, TheStreet cut shares of Polaris Industries from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $107.23.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.29. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Equities research analysts expect that Polaris Industries Inc. will post 6.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, November 30th. Polaris Industries’s payout ratio is 49.48%.
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About Polaris Industries
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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