BancorpSouth Bank lessened its holdings in Polaris Industries Inc. (NYSE:PII) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,462 shares of the company’s stock after selling 332 shares during the quarter. BancorpSouth Bank’s holdings in Polaris Industries were worth $392,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PII. First Trust Advisors LP increased its holdings in shares of Polaris Industries by 115.7% during the first quarter. First Trust Advisors LP now owns 18,030 shares of the company’s stock valued at $1,522,000 after purchasing an additional 9,673 shares during the period. Surevest Inc. increased its holdings in shares of Polaris Industries by 71.5% during the second quarter. Surevest Inc. now owns 14,086 shares of the company’s stock valued at $1,285,000 after purchasing an additional 5,872 shares during the period. Arlington Partners LLC increased its holdings in shares of Polaris Industries by 1,221.0% during the second quarter. Arlington Partners LLC now owns 6,605 shares of the company’s stock valued at $603,000 after purchasing an additional 6,105 shares during the period. Ridgewood Investments LLC increased its holdings in shares of Polaris Industries by 48.2% during the second quarter. Ridgewood Investments LLC now owns 3,912 shares of the company’s stock valued at $357,000 after purchasing an additional 1,272 shares during the period. Finally, Lantz Financial LLC increased its holdings in shares of Polaris Industries by 2.6% during the second quarter. Lantz Financial LLC now owns 14,095 shares of the company’s stock valued at $1,234,000 after purchasing an additional 355 shares during the period. 76.62% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:PII opened at $102.13 on Thursday. The business’s 50-day moving average price is $93.61 and its 200 day moving average price is $89.32. The firm has a market cap of $6.28 billion, a P/E ratio of 15.57, a PEG ratio of 1.37 and a beta of 1.48. Polaris Industries Inc. has a 52-week low of $70.27 and a 52-week high of $104.25. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 1.77.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.39%. Polaris Industries’s dividend payout ratio (DPR) is 37.20%.
PII has been the topic of a number of research analyst reports. Citigroup lifted their target price on Polaris Industries from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Polaris Industries in a report on Wednesday, October 23rd. Raymond James lifted their target price on Polaris Industries from $108.00 to $117.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on Polaris Industries from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Zacks Investment Research raised Polaris Industries from a “sell” rating to a “hold” rating and set a $113.00 target price on the stock in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.31.
About Polaris Industries
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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