Andra AP fonden bought a new position in Polaris Industries Inc. (NYSE:PII) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,000 shares of the company’s stock, valued at approximately $1,360,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Sheets Smith Wealth Management grew its position in shares of Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after buying an additional 14 shares during the last quarter. CAPROCK Group Inc. grew its position in shares of Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock valued at $460,000 after buying an additional 27 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock valued at $786,000 after buying an additional 35 shares during the last quarter. Finally, AMG Funds LLC grew its position in shares of Polaris Industries by 0.4% during the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock valued at $1,089,000 after buying an additional 42 shares during the last quarter. 92.91% of the stock is owned by institutional investors.
PII has been the subject of a number of recent research reports. Longbow Research reaffirmed an “underperform” rating and set a $60.00 price objective on shares of Polaris Industries in a research report on Monday, July 17th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, July 19th. B. Riley reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Polaris Industries in a research report on Friday, July 21st. Robert W. Baird downgraded shares of Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $88.00 to $96.00 in a research report on Friday, July 21st. Finally, Royal Bank Of Canada downgraded shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $99.27.
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Polaris Industries Inc. (PII) opened at $120.28 on Tuesday. The company has a market cap of $7,465.04, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Polaris Industries Inc. has a 1 year low of $77.91 and a 1 year high of $126.85. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.24. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. sell-side analysts forecast that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio is currently 73.19%.
In other news, SVP Stacy L. Bogart sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George W. Bilicic purchased 2,833 shares of Polaris Industries stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $95.18 per share, with a total value of $269,644.94. Following the completion of the purchase, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,276 shares of company stock valued at $396,394 and sold 41,852 shares valued at $4,930,631. Corporate insiders own 2.20% of the company’s stock.
Polaris Industries Company 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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