Brinker Capital Inc. Grows Holdings in Polaris Industries Inc. (PII)
Brinker Capital Inc. boosted its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 18.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,493 shares of the company’s stock after buying an additional 1,188 shares during the period. Brinker Capital Inc.’s holdings in Polaris Industries were worth $858,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PII. Schwab Charles Investment Management Inc. raised its holdings in Polaris Industries by 13.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock worth $43,330,000 after buying an additional 42,094 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Polaris Industries during the fourth quarter worth $533,000. Robeco Institutional Asset Management B.V. raised its holdings in Polaris Industries by 958.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 35,052 shares of the company’s stock worth $4,347,000 after buying an additional 31,741 shares during the last quarter. IFG Advisory LLC acquired a new position in Polaris Industries during the fourth quarter worth $436,000. Finally, Chicago Equity Partners LLC acquired a new position in Polaris Industries during the fourth quarter worth $5,275,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Shares of PII stock opened at $111.90 on Friday. The stock has a market capitalization of $7.25 billion, a PE ratio of 23.07, a PEG ratio of 1.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.41. Polaris Industries Inc. has a one year low of $82.77 and a one year high of $137.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.
Several research firms have weighed in on PII. Wedbush set a $124.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Polaris Industries from $113.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. BMO Capital Markets lowered their price objective on shares of Polaris Industries to $105.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. Finally, TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $113.44.
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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