The Trust Investment Advisors Raises Stake in Polaris Industries Inc. (PII)

The Trust Investment Advisors Raises Stake in Polaris Industries Inc. (PII)

Trust Investment Advisors boosted its position in Polaris Industries Inc. (NYSE:PII) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,890 shares of the company’s stock after buying an additional 90 shares during the period. Trust Investment Advisors’ holdings in Polaris Industries were worth $456,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in Polaris Industries by 0.5% in the third quarter. Capstone Asset Management Co. now owns 5,936 shares of the company’s stock worth $460,000 after buying an additional 32 shares during the period. Reliance Trust Co. of Delaware boosted its stake in Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock worth $301,000 after buying an additional 39 shares during the period. Security National Bank of Sioux City Iowa IA boosted its stake in Polaris Industries by 1.1% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 5,760 shares of the company’s stock worth $471,000 after buying an additional 60 shares during the period. WFG Advisors LP boosted its stake in Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock worth $104,000 after buying an additional 92 shares during the period. Finally, Logan Capital Management Inc. boosted its stake in Polaris Industries by 0.7% in the second quarter. Logan Capital Management Inc. now owns 14,703 shares of the company’s stock worth $1,202,000 after buying an additional 100 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.

Polaris Industries Inc. (NYSE:PII) traded up 0.98% during trading on Wednesday, hitting $87.78. 927,990 shares of the stock traded hands. The firm’s 50-day moving average is $84.41 and its 200 day moving average is $84.26. The stock has a market cap of $5.62 billion, a P/E ratio of 22.11 and a beta of 1.25. Polaris Industries Inc. has a 52 week low of $67.80 and a 52 week high of $104.25.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $317.71 million. During the same quarter in the previous year, the company earned $2.30 earnings per share. The business’s revenue was down 18.6% compared to the same quarter last year. Equities research analysts forecast that Polaris Industries Inc. will post $3.47 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Jefferies Group set a $78.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a report on Sunday, December 18th. B. Riley reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Polaris Industries in a report on Monday, October 24th. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 15th. Wedbush dropped their price objective on shares of Polaris Industries from $77.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, October 26th. Finally, Cleveland Research assumed coverage on shares of Polaris Industries in a report on Wednesday, December 21st. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.07.

Polaris Industries Company Profile

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

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