US Bancorp DE decreased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,909 shares of the company’s stock after selling 3,390 shares during the quarter. US Bancorp DE owned about 0.07% of Polaris Industries worth $5,692,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares in the last quarter. Principal Financial Group Inc. grew its holdings 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 worth $26,225,000 after acquiring an additional 5,894 shares during the period. Pettee Investors Inc. bought a new stake in shares of Polaris Industries in the third quarter worth $628,000. Northwest Wealth Management LLC grew its holdings in shares of Polaris Industries by 33.4% in the third quarter. Northwest Wealth Management LLC now owns 4,943 shares of the company’s stock worth $517,000 after acquiring an additional 1,238 shares during the period. Finally, AGF Investments Inc. bought a new stake in shares of Polaris Industries in the third quarter worth $7,952,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Several analysts have issued reports on the company. Stephens set a $133.00 price target on Polaris Industries and gave the company a “hold” rating in a report on Friday, January 19th. SunTrust Banks reissued a “hold” rating and set a $115.00 price target on shares of Polaris Industries in a report on Wednesday, October 25th. They noted that the move was a valuation call. B. Riley boosted their price objective on Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their price objective on Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $144.00 price objective (up from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.50.
Polaris Industries Inc. (NYSE PII) traded down $0.44 during trading hours on Friday, hitting $117.76. The stock had a trading volume of 775,382 shares, compared to its average volume of 1,061,377. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week 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 firm has a market cap of $7,425.83, a PE ratio of 43.78, a PEG ratio of 1.28 and a beta of 1.27.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. equities research analysts expect that Polaris Industries Inc. will post 6.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 2.04%. Polaris Industries’s dividend payout ratio (DPR) is currently 86.25%.
In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total value of $191,580.00. Following the transaction, the insider now directly owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction that occurred 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 sale, the senior vice president now directly owns 22,664 shares in the company, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. Insiders sold a total of 21,602 shares of company stock worth $2,741,836 over the last three months. Corporate insiders own 2.20% of the company’s stock.
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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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