Sei Investments Co. trimmed its holdings in Polaris Industries Inc. (NYSE:PII) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,345 shares of the company’s stock after selling 20,644 shares during the period. Sei Investments Co. owned 0.17% of Polaris Industries worth $11,336,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of PII. Janus Henderson Group PLC boosted its holdings in shares of Polaris Industries by 27,968.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after buying an additional 2,402,472 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Polaris Industries by 12.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after buying an additional 572,461 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Polaris Industries by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after buying an additional 323,616 shares during the period. State Street Corp boosted its holdings in shares of Polaris Industries by 3.8% during the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after buying an additional 161,055 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Polaris Industries by 45.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 416,318 shares of the company’s stock worth $34,887,000 after buying an additional 130,433 shares during the period. 91.08% of the stock is owned by institutional investors.
In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.08, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $119.25, for a total transaction 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 worth $7,174,301 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.
Shares of Polaris Industries Inc. (NYSE PII) traded down $1.98 during midday trading on Monday, hitting $124.13. 768,595 shares of the stock traded hands, compared to its average volume of 811,652. The company 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 quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. Polaris Industries Inc. has a one year low of $77.91 and a one year high of $134.29.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. The business had revenue of $1.48 billion for 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 for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. equities research analysts expect that Polaris Industries Inc. will post 4.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.87%. Polaris Industries’s dividend payout ratio is 73.19%.
Several research firms recently commented on PII. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of Polaris Industries in a research note on Sunday, September 3rd. Royal Bank Of Canada upped their target price on shares of Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. UBS cut their target price on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, September 15th. Finally, BMO Capital Markets increased their price objective on shares of Polaris Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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