The Manufacturers Life Insurance Company raised its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,256,665 shares of the company’s stock after buying an additional 202,244 shares during the period. Polaris Industries comprises approximately 0.7% of The Manufacturers Life Insurance Company ‘s investment portfolio, making the stock its 22nd biggest position. The Manufacturers Life Insurance Company owned approximately 8.41% of Polaris Industries worth $651,773,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in Polaris Industries during the fourth quarter worth approximately $112,000. Gradient Investments LLC bought a new stake in Polaris Industries during the fourth quarter worth approximately $113,000. NuWave Investment Management LLC bought a new stake in Polaris Industries during the fourth quarter worth approximately $123,000. TD Asset Management Inc. acquired a new position in Polaris Industries in the 3rd quarter worth approximately $222,000. Finally, First Mercantile Trust Co. acquired a new position in Polaris Industries in the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
In other news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the transaction, the insider now owns 8,846 shares in the company, valued at approximately $1,129,811.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the completion of the transaction, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,602 shares of company stock worth $2,741,836 in the last 90 days. 2.20% of the stock is owned by insiders.
Shares of Polaris Industries Inc. (PII) opened at $112.13 on Wednesday. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $137.66. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42. The stock has a market cap of $7,024.75, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.47. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. equities analysts expect that Polaris Industries Inc. will post 6.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is currently 86.25%.
A number of research firms recently commented on PII. Citigroup decreased their price objective on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. B. Riley reaffirmed a “hold” rating and issued a $118.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. Stephens reaffirmed a “hold” rating and issued a $132.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and an average price target of $112.50.
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Polaris Industries 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.
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