Ridgewood Investments LLC bought a new position in shares of Polaris Industries Inc. (NYSE:PII) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,640 shares of the company’s stock, valued at approximately $223,000.
Other institutional investors also recently bought and sold shares of the company. First Bank & Trust raised its stake in shares of Polaris Industries by 16.2% during the 1st quarter. First Bank & Trust now owns 7,887 shares of the company’s stock worth $666,000 after purchasing an additional 1,097 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Polaris Industries by 3.1% during the 1st quarter. CAPROCK Group Inc. now owns 4,192 shares of the company’s stock worth $354,000 after purchasing an additional 128 shares in the last quarter. Surevest Inc. raised its stake in shares of Polaris Industries by 167.7% during the 1st quarter. Surevest Inc. now owns 8,214 shares of the company’s stock worth $694,000 after purchasing an additional 5,146 shares in the last quarter. CX Institutional bought a new stake in shares of Polaris Industries during the 1st quarter worth approximately $142,000. Finally, Geode Capital Management LLC raised its stake in shares of Polaris Industries by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 615,100 shares of the company’s stock worth $47,134,000 after purchasing an additional 87,843 shares in the last quarter. Institutional investors own 80.54% of the company’s stock.
PII has been the topic of several recent research reports. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research report on Friday, March 29th. ValuEngine cut Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Wells Fargo & Co lowered their price objective on Polaris Industries from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 18th. Finally, TheStreet cut Polaris Industries from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.17.
PII opened at $96.55 on Tuesday. The firm has a market cap of $5.89 billion, a PE ratio of 14.72, a P/E/G ratio of 1.04 and a beta of 1.11. Polaris Industries Inc. has a 52-week low of $70.27 and a 52-week high of $131.25. The company has a current ratio of 1.24, a quick ratio of 0.43 and a debt-to-equity ratio of 2.19.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. Polaris Industries’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. Equities analysts forecast that Polaris Industries Inc. will post 6.17 earnings per share for the current year.
In other Polaris Industries news, Director Kevin M. Farr acquired 1,125 shares of Polaris Industries stock in a transaction that occurred on Tuesday, February 26th. The shares were acquired at an average cost of $88.59 per share, with a total value of $99,663.75. Following the completion of the purchase, the director now directly owns 15,604 shares of the company’s stock, valued at approximately $1,382,358.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.
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Polaris Industries Company 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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