Polaris Industries Inc. (PII) SVP Sells $95,638.62 in Stock

Polaris Industries Inc. (NYSE:PII) SVP Robert Paul Mack sold 762 shares of Polaris Industries stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $125.51, for a total value of $95,638.62. Following the sale, the senior vice president now directly owns 21,991 shares of the company’s stock, valued at $2,760,090.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Polaris Industries opened at $125.50 on Thursday, according to MarketBeat. Polaris Industries Inc. has a 52-week low of $85.82 and a 52-week high of $137.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 1.24. The firm has a market capitalization of $8.04 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.19. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts expect that Polaris Industries Inc. will post 6.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $2.40 annualized dividend and a dividend yield of 1.91%. Polaris Industries’s payout ratio is 49.48%.

Several analysts recently weighed in on PII shares. TheStreet raised Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th. ValuEngine lowered Polaris Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. BMO Capital Markets restated a “hold” rating and set a $125.00 price objective (up previously from $105.00) on shares of Polaris Industries in a research note on Monday, April 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $114.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research note on Friday, April 13th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and a consensus price target of $114.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Polaris Industries by 45.8% in the 1st quarter. Suntrust Banks Inc. now owns 38,323 shares of the company’s stock valued at $4,387,000 after purchasing an additional 12,038 shares during the last quarter. Allianz Asset Management GmbH grew its position in Polaris Industries by 40.7% during the 1st quarter. Allianz Asset Management GmbH now owns 2,406 shares of the company’s stock worth $275,000 after acquiring an additional 696 shares during the last quarter. Amalgamated Bank grew its position in Polaris Industries by 6.6% during the 1st quarter. Amalgamated Bank now owns 13,195 shares of the company’s stock worth $1,511,000 after acquiring an additional 814 shares during the last quarter. Principal Financial Group Inc. grew its position in Polaris Industries by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 256,967 shares of the company’s stock worth $29,428,000 after acquiring an additional 5,496 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Polaris Industries by 7.0% during the 1st quarter. Royal Bank of Canada now owns 68,261 shares of the company’s stock worth $7,817,000 after acquiring an additional 4,451 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

Insider Buying and Selling by Quarter for Polaris Industries (NYSE:PII)

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