Polaris Industries Inc. (PII) SVP Sells $2,541,600.00 in Stock

Polaris Industries Inc. (NYSE:PII) SVP James P. Williams sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Polaris Industries Inc. (PII) opened at $126.26 on Thursday. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $134.29. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7,763.37, a price-to-earnings ratio of 27.28, a PEG ratio of 1.71 and a beta of 1.41.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. research analysts expect that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.

A number of equities research analysts have commented on PII shares. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price on shares of Polaris Industries in a report on Thursday, September 7th. Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Finally, Royal Bank Of Canada raised their price objective on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and an average price target of $99.27.

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised 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 buying an additional 13 shares during the period. Ffcm LLC raised its position in shares of Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after buying an additional 85 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after buying an additional 115 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of Polaris Industries in the 3rd quarter worth $230,000. Finally, TD Asset Management Inc. purchased a new position in shares of Polaris Industries in the 3rd quarter worth $222,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://ledgergazette.com/2017/12/07/polaris-industries-inc-pii-svp-sells-2541600-00-in-stock.html.

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.

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

Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply