Point72 Hong Kong Ltd Decreases Stock Position in Polaris Industries Inc. (NYSE:PII)
Point72 Hong Kong Ltd lessened its position in Polaris Industries Inc. (NYSE:PII) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,894 shares of the company’s stock after selling 416 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Polaris Industries were worth $294,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PII. CFM Wealth Partners LLC purchased a new stake in shares of Polaris Industries during the 4th quarter worth approximately $25,000. Emerald Mutual Fund Advisers Trust bought a new position in Polaris Industries in the 4th quarter valued at about $63,000. Arlington Partners LLC increased its holdings in Polaris Industries by 16.2% in the 4th quarter. Arlington Partners LLC now owns 860 shares of the company’s stock valued at $87,000 after buying an additional 120 shares during the period. Pendal Group Ltd bought a new position in Polaris Industries in the 4th quarter valued at about $90,000. Finally, Evoke Wealth LLC bought a new position in Polaris Industries in the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 76.46% of the company’s stock.
Several analysts have recently weighed in on the stock. Raymond James lifted their price objective on shares of Polaris Industries from $117.00 to $118.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a “hold” rating and issued a $64.00 target price on shares of Polaris Industries in a research report on Wednesday, March 18th. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Saturday, February 1st. Stifel Nicolaus raised their target price on Polaris Industries from $100.00 to $102.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Finally, Wedbush cut Polaris Industries from an “outperform” rating to a “neutral” rating in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $106.21.
NYSE PII traded up $1.35 during trading hours on Wednesday, hitting $48.28. The company had a trading volume of 1,675,910 shares, compared to its average volume of 877,493. Polaris Industries Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $104.37. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.50 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.06 and a quick ratio of 0.33. The firm’s 50 day moving average is $79.62 and its 200 day moving average is $91.07.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.04. Polaris Industries had a net margin of 4.78% and a return on equity of 39.84%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Polaris Industries Inc. will post 6.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 5.14%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, February 28th. Polaris Industries’s payout ratio is presently 39.24%.
Polaris Industries Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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