Trust Investment Advisors lessened its holdings in Polaris Industries Inc. (NYSE:PII) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,715 shares of the company’s stock after selling 725 shares during the period. Trust Investment Advisors’ holdings in Polaris Industries were worth $493,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in PII. Wellington Management Group LLP bought a new position in Polaris Industries in the first quarter valued at about $451,000. Teachers Advisors LLC grew its position in Polaris Industries by 7.2% in the first quarter. Teachers Advisors LLC now owns 57,930 shares of the company’s stock valued at $4,855,000 after acquiring an additional 3,902 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Polaris Industries by 45.6% in the first quarter. Dimensional Fund Advisors LP now owns 416,318 shares of the company’s stock valued at $34,887,000 after acquiring an additional 130,433 shares during the last quarter. Credit Suisse AG grew its position in Polaris Industries by 1.3% in the first quarter. Credit Suisse AG now owns 88,489 shares of the company’s stock valued at $7,417,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Polaris Industries by 2.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,730 shares of the company’s stock valued at $648,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.
In other news, Director George W. Bilicic bought 2,833 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $95.18 per share, with a total value of $269,644.94. Following the completion of the transaction, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,276 shares of company stock worth $396,394 and sold 41,852 shares worth $4,930,631. 2.20% of the stock is currently owned by insiders.
A number of research analysts have issued reports on PII shares. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. UBS AG decreased their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, September 15th. Royal Bank Of Canada lifted their target price on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets lifted their target price on Polaris Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $99.27.
Shares of Polaris Industries Inc. (NYSE:PII) traded up $0.75 on Tuesday, reaching $121.03. The company’s stock had a trading volume of 128,718 shares, compared to its average volume of 824,207. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $126.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market capitalization of $7,465.04, a price-to-earnings ratio of 26.23, a PEG ratio of 1.64 and a beta of 1.39.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. equities research analysts expect that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 73.19%.
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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