Today, Neuberger Berman Group LLC Increases Stake in Polaris Industries Inc. (PII)

Today, Neuberger Berman Group LLC Increases Stake in Polaris Industries Inc. (PII)

Neuberger Berman Group LLC raised its stake in Polaris Industries Inc. (NYSE:PII) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,430,183 shares of the company’s stock after buying an additional 2,392 shares during the period. Neuberger Berman Group LLC owned about 2.23% of Polaris Industries worth $110,753,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PII. Aperio Group LLC increased its position in Polaris Industries by 6.4% in the third quarter. Aperio Group LLC now owns 24,436 shares of the company’s stock valued at $1,892,000 after buying an additional 1,474 shares during the period. Columbia Asset Management increased its position in Polaris Industries by 65.9% in the third quarter. Columbia Asset Management now owns 11,090 shares of the company’s stock valued at $859,000 after buying an additional 4,405 shares during the period. BB&T Corp increased its position in shares of Polaris Industries by 3.8% in the third quarter. BB&T Corp now owns 85,888 shares of the company’s stock worth $6,650,000 after buying an additional 3,182 shares during the last quarter. Alleghany Corp DE increased its position in shares of Polaris Industries by 111.4% in the third quarter. Alleghany Corp DE now owns 370,000 shares of the company’s stock worth $28,653,000 after buying an additional 195,000 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Polaris Industries by 15.8% in the third quarter. Stratos Wealth Partners LTD. now owns 5,260 shares of the company’s stock worth $407,000 after buying an additional 717 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.35 on Friday. The stock has a market capitalization of $5.72 billion, a PE ratio of 22.50 and a beta of 1.23. Polaris Industries Inc. has a one year low of $67.80 and a one year high of $106.45. The stock has a 50 day moving average of $80.37 and a 200-day moving average of $83.97.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. Polaris Industries had a net margin of 5.93% and a return on equity of 27.74%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $317.71 million. During the same quarter last year, the firm posted $2.30 EPS. The business’s revenue for the quarter was down 18.6% compared to the same quarter last year. Equities analysts predict that Polaris Industries Inc. will post $3.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, November 29th. Polaris Industries’s dividend payout ratio is presently 55.56%.

PII has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Polaris Industries in a research note on Wednesday, August 10th. TheStreet upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Citigroup Inc. boosted their target price on shares of Polaris Industries from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Northcoast Research downgraded shares of Polaris Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 31st. Finally, Longbow Research reiterated an “underperform” rating and set a $70.00 target price on shares of Polaris Industries in a research note on Saturday, September 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.78.

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