Guggenheim Capital LLC raised its stake in shares of Polaris Industries Inc. (NYSE:PII) by 3.4% in the first quarter, Holdings Channel reports. The institutional investor owned 49,484 shares of the company’s stock after buying an additional 1,643 shares during the quarter. Guggenheim Capital LLC’s holdings in Polaris Industries were worth $5,667,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Delpha Capital Management LLC purchased a new position in Polaris Industries during the fourth quarter valued at $120,000. Assetmark Inc. increased its holdings in shares of Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after purchasing an additional 988 shares in the last quarter. Well Done LLC bought a new stake in shares of Polaris Industries in the 1st quarter worth $128,000. Ostrum Asset Management bought a new stake in shares of Polaris Industries in the 1st quarter worth $135,000. Finally, NuWave Investment Management LLC increased its holdings in shares of Polaris Industries by 57.9% in the 1st quarter. NuWave Investment Management LLC now owns 1,566 shares of the company’s stock worth $179,000 after purchasing an additional 574 shares in the last quarter. Institutional investors and hedge funds own 86.42% of the company’s stock.
In other Polaris Industries news, CEO Scott W. Wine sold 245,000 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $118.36, for a total transaction of $28,998,200.00. Following the completion of the sale, the chief executive officer now owns 357,154 shares of the company’s stock, valued at $42,272,747.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Paul Mack sold 762 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were 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 approximately $2,760,090.41. The disclosure for this sale can be found here. Insiders sold 300,012 shares of company stock valued at $35,932,249 in the last ninety days. 2.40% of the stock is currently owned by corporate insiders.
Shares of PII opened at $122.20 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 0.41. Polaris Industries Inc. has a one year low of $86.51 and a one year high of $137.66. The firm has a market capitalization of $7.72 billion, a P/E ratio of 25.20, a PEG ratio of 1.26 and a beta of 1.18.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $1.06 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Polaris Industries’s revenue was up 12.5% compared to the same quarter last year. equities research analysts predict that Polaris Industries Inc. will post 6.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 31st. Polaris Industries’s payout ratio is currently 49.48%.
PII has been the subject of a number of research analyst reports. 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 report on Friday, May 11th. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “strong-buy” rating and set a $143.00 target price for the company in a report on Thursday, June 21st. BMO Capital Markets reissued a “hold” rating and issued a $125.00 target price (up previously from $105.00) on shares of Polaris Industries in a report on Monday, April 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $114.00 target price (up previously from $112.00) on shares of Polaris Industries in a report on Friday, April 13th. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $116.06.
Polaris Industries 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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