Driehaus Capital Management LLC lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,812 shares of the company’s stock after acquiring an additional 5,458 shares during the period. Driehaus Capital Management LLC’s holdings in Polaris Industries were worth $1,837,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PII. Dynamic Advisors Solutions LLC boosted its stake in shares of Polaris Industries by 4.7% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 10,781 shares of the company’s stock valued at $1,337,000 after purchasing an additional 481 shares during the period. Morse Asset Management Inc boosted its stake in shares of Polaris Industries by 5.1% in the fourth quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after purchasing an additional 500 shares during the period. Pennsylvania Trust Co boosted its stake in shares of Polaris Industries by 2.1% in the fourth quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after purchasing an additional 525 shares during the period. Commerce Bank boosted its stake in shares of Polaris Industries by 23.2% in the third quarter. Commerce Bank now owns 3,413 shares of the company’s stock valued at $358,000 after purchasing an additional 642 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Polaris Industries by 5.5% in the fourth quarter. Amalgamated Bank now owns 12,381 shares of the company’s stock valued at $1,535,000 after purchasing an additional 649 shares during the period. 85.15% of the stock is owned by institutional investors.
Polaris Industries Inc. (PII) opened at $119.91 on Tuesday. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $137.66. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market cap of $7,739.17, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.00%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s dividend payout ratio is 89.22%.
PII has been the subject of several analyst reports. Wedbush restated a “neutral” rating and issued a $119.00 target price (up from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Longbow Research upgraded shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Stephens set a $133.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a research note on Friday, January 19th. Finally, Royal Bank of Canada upgraded shares of Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 target price for the company in a research note on Monday, January 22nd. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.50.
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Polaris Industries Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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