Polaris Industries Inc. (NYSE:PII) SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Polaris Industries Inc. (NYSE PII) traded down $1.98 during mid-day trading on Monday, reaching $124.13. The company had a trading volume of 768,595 shares, compared to its average volume of 811,652. The stock has a market capitalization of $7,887.21, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.73 and a beta of 1.41. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $134.29. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04.
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 the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. equities research analysts predict that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
Several research analysts have recently commented on the company. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Friday, September 29th. Royal Bank Of Canada restated a “sell” rating and issued a $80.00 target price on shares of Polaris Industries in a research report on Tuesday, October 3rd. BidaskClub upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. B. Riley set a $91.00 target price on Polaris Industries and gave the stock a “hold” rating in a research report on Monday, October 23rd. Finally, BMO Capital Markets downgraded Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus price target of $99.27.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Janus Henderson Group PLC grew its stake in shares of Polaris Industries by 27,968.2% in the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after acquiring an additional 2,402,472 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Polaris Industries by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $484,822,000 after purchasing an additional 572,461 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Polaris Industries by 6.1% during the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after purchasing an additional 323,616 shares in the last quarter. State Street Corp lifted its holdings in shares of Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after purchasing an additional 161,055 shares in the last quarter. Finally, Columbus Circle Investors bought a new position in shares of Polaris Industries during the third quarter valued at $13,969,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
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About Polaris Industries
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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