Swiss National Bank grew its holdings in Polaris Industries Inc. (NYSE:PII) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,000 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank owned about 351,774.86% of Polaris Industries worth $23,019,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its position in Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the period. Ffcm LLC raised its position in Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares during the period. Mosaic Family Wealth LLC raised its position in Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares during the period. ARP Americas LLC purchased a new stake in Polaris Industries during the second quarter valued at approximately $216,000. Finally, Sheets Smith Wealth Management raised its position in Polaris Industries by 0.6% during the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.
In other news, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the sale, the insider now owns 18,846 shares in the company, valued at $2,247,385.50. The disclosure for this sale can be found here. Insiders sold a total of 58,102 shares of company stock valued at $7,174,301 in the last 90 days. 2.20% of the stock is currently owned by company insiders.
Shares of Polaris Industries Inc. (NYSE:PII) traded down $1.98 on Monday, hitting $124.13. The stock had a trading volume of 768,595 shares, compared to its average volume of 811,652. The stock has a market cap of $7,887.21, a price-to-earnings ratio of 27.72, a PEG ratio of 1.73 and a beta of 1.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $134.29.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. research analysts forecast that Polaris Industries Inc. will post 4.85 earnings per share 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 paid a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.87%. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
A number of research analysts have recently commented on the company. BidaskClub raised Polaris Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Friday, September 29th. Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Finally, BMO Capital Markets increased their price objective on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $99.27.
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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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