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.
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.
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