LS Investment Advisors LLC trimmed its position in shares of Polaris Industries Inc. (NYSE:PII) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,418 shares of the company’s stock after selling 815 shares during the period. LS Investment Advisors LLC’s holdings in Polaris Industries were worth $672,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. bought a new position in Polaris Industries in the 4th quarter valued at approximately $112,000. Gradient Investments LLC bought a new position in Polaris Industries during the 4th quarter worth approximately $113,000. TD Asset Management Inc. bought a new position in Polaris Industries during the 3rd quarter worth approximately $222,000. First Mercantile Trust Co. bought a new position in Polaris Industries during the 4th quarter worth approximately $222,000. Finally, HighPoint Advisor Group LLC bought a new position in Polaris Industries during the 3rd quarter worth approximately $230,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE PII) opened at $116.17 on Friday. The stock has a market capitalization of $7,288.31, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $137.66.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Polaris Industries’s revenue for the quarter was up 17.5% on a year-over-year basis. equities analysts expect that Polaris Industries Inc. will post 6.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.60 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.40 annualized dividend and a yield of 2.07%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s payout ratio is presently 86.25%.
Several analysts have recently commented on the stock. Royal Bank of Canada raised shares of Polaris Industries to a “sector perform” rating and set a $113.00 price objective for the company in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Longbow Research raised shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Saturday, January 20th. Wedbush lifted their price objective on shares of Polaris Industries from $112.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “hold” rating and set a $118.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and a consensus target price of $112.50.
In related news, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction that occurred 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 $2,880,141.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of 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. Insiders own 2.20% of the company’s stock.
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Polaris Industries Company 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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