HL Financial Services LLC lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 33.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,878 shares of the company’s stock after acquiring an additional 1,707 shares during the quarter. HL Financial Services LLC’s holdings in Polaris Industries were worth $720,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont lifted its holdings in shares of Polaris Industries by 132.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after acquiring an additional 673 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares during the last quarter. Ffcm LLC lifted its holdings in shares of Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after acquiring an additional 115 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in shares of Polaris Industries in the 2nd quarter worth approximately $216,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.
Polaris Industries Inc. (NYSE:PII) opened at $120.28 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. The stock has a market cap of $7,465.04, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Polaris Industries Inc. has a 1 year low of $77.91 and a 1 year high of $126.85.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. equities research analysts predict that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s payout ratio is currently 73.19%.
In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 18,846 shares in the company, valued at $2,247,385.50. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 4,276 shares of company stock worth $396,394 and have sold 41,852 shares worth $4,930,631. 2.20% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $91.00 price objective on shares of Polaris Industries in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Aegis reaffirmed a “buy” rating and issued a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Royal Bank Of Canada downgraded shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $115.00 target price on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus target price of $99.27.
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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