First Hawaiian Bank cut its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,601 shares of the company’s stock after selling 223 shares during the period. First Hawaiian Bank’s holdings in Polaris Industries were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in PII. Vanguard Group Inc. raised its stake in Polaris Industries by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after purchasing an additional 91,409 shares in the last quarter. Vanguard Group Inc grew its position in Polaris Industries by 1.5% in the third quarter. Vanguard Group Inc now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after acquiring an additional 91,409 shares during the last quarter. BlackRock Inc. grew its position in Polaris Industries by 0.4% in the third quarter. BlackRock Inc. now owns 5,778,660 shares of the company’s stock valued at $583,356,000 after acquiring an additional 24,295 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Polaris Industries by 3.5% in the third quarter. The Manufacturers Life Insurance Company now owns 5,438,104 shares of the company’s stock valued at $548,977,000 after acquiring an additional 186,125 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Polaris Industries by 1.5% in the third quarter. Wells Fargo & Company MN now owns 2,971,943 shares of the company’s stock valued at $300,017,000 after acquiring an additional 43,617 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.
PII traded down $0.93 during trading on Friday, hitting $82.94. The company’s stock had a trading volume of 534,569 shares, compared to its average volume of 674,722. Polaris Industries Inc. has a twelve month low of $70.27 and a twelve month high of $131.25. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.43 and a current ratio of 1.24. The firm has a market cap of $5.12 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.90 and a beta of 1.14.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.01. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. Polaris Industries’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts predict that Polaris Industries Inc. will post 6.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, February 28th. Polaris Industries’s dividend payout ratio is presently 36.59%.
PII has been the topic of a number of recent analyst reports. B. Riley cut Polaris Industries from a “buy” rating to a “neutral” rating and decreased their target price for the company from $126.00 to $99.00 in a research report on Monday, December 10th. Raymond James upgraded Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research report on Friday, October 26th. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a report on Saturday, October 20th. Wedbush restated a “neutral” rating and set a $98.00 price target (down from $109.00) on shares of Polaris Industries in a report on Monday, October 15th. Finally, Wells Fargo & Co reduced their price target on Polaris Industries from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $104.17.
Polaris Industries Company 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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