LS Investment Advisors LLC Trims Holdings in Polaris Industries Inc. (PII)

LS Investment Advisors LLC decreased its position in Polaris Industries Inc. (NYSE:PII) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,418 shares of the company’s stock after selling 815 shares during the quarter. LS Investment Advisors LLC’s holdings in Polaris Industries were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in Polaris Industries by 7.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after acquiring an additional 193 shares during the last quarter. Morse Asset Management Inc increased its position in shares of Polaris Industries by 5.1% during the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after purchasing an additional 500 shares during the last quarter. Pennsylvania Trust Co increased its position in shares of Polaris Industries by 2.1% during the 4th quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after purchasing an additional 525 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Polaris Industries by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 89,641 shares of the company’s stock valued at $9,379,000 after purchasing an additional 530 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Polaris Industries by 5.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 11,279 shares of the company’s stock valued at $1,180,000 after purchasing an additional 633 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 1,500 shares of the business’s stock in a transaction 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 owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,602 shares of company stock valued at $2,741,836. 2.20% of the stock is owned by company insiders.

Several research firms have recently weighed in on PII. Royal Bank of Canada raised Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 target price on the stock in a research report on Monday, January 22nd. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets reissued a “hold” rating and set a $105.00 target price on shares of Polaris Industries in a research report on Wednesday, January 31st. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $144.00 target price (up previously from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $112.50.

Polaris Industries Inc. (NYSE PII) opened at $118.20 on Friday. Polaris Industries Inc. has a 1-year low of $77.91 and a 1-year high of $137.66. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7,390.00, a price-to-earnings ratio of 43.94, a P/E/G ratio of 1.24 and a beta of 1.27.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $0.97 EPS. Polaris Industries’s revenue was up 17.5% compared to the same quarter last year. equities analysts expect that Polaris Industries Inc. will post 6.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 yield of 2.03%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s payout ratio is presently 86.25%.

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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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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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