Legal & General Group Plc grew its stake in Polaris Industries Inc. (NYSE:PII) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,548 shares of the company’s stock after buying an additional 2,750 shares during the quarter. Legal & General Group Plc owned 0.48% of Polaris Industries worth $31,237,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Polaris Industries by 625.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after acquiring an additional 63,072 shares in the last quarter. State Street Corp grew its stake in shares of Polaris Industries by 3.8% in the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after acquiring an additional 161,055 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Polaris Industries by 2.4% in the third quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock valued at $26,225,000 after acquiring an additional 5,894 shares in the last quarter. Prudential PLC grew its stake in shares of Polaris Industries by 14.8% in the second quarter. Prudential PLC now owns 47,300 shares of the company’s stock valued at $4,363,000 after acquiring an additional 6,100 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Polaris Industries by 15.4% during the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after buying an additional 7,171 shares in the last quarter. Institutional investors own 90.90% of the company’s stock.
In other Polaris Industries news, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the transaction, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now owns 8,846 shares in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,102 shares of company stock worth $7,174,301 over the last ninety days. Insiders own 2.20% of the company’s stock.
PII has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Friday, September 29th. KeyCorp reiterated a “hold” rating on shares of Polaris Industries in a research note on Wednesday, October 4th. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $81.00 target price on shares of Polaris Industries in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Polaris Industries has a consensus rating of “Hold” and an average price target of $99.27.
Shares of Polaris Industries Inc. (NYSE PII) traded down $2.54 during mid-day trading on Friday, hitting $123.99. 354,253 shares of the stock traded hands, compared to its average volume of 669,092. The firm has a market cap of $7,920.00, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Polaris Industries Inc. has a one year low of $77.91 and a one year high of $134.66. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. Polaris Industries’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. equities analysts expect that Polaris Industries Inc. will post 4.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, November 30th. Polaris Industries’s dividend payout ratio is 72.96%.
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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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