Arizona State Retirement System grew its stake in Polaris Industries Inc. (NYSE:PII) by 27.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,866 shares of the company’s stock after purchasing an additional 8,899 shares during the period. Arizona State Retirement System’s holdings in Polaris Industries were worth $5,191,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of PII. Public Employees Retirement System of Ohio boosted its holdings in shares of Polaris Industries by 3.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock valued at $2,140,000 after buying an additional 830 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Polaris Industries by 1.0% in the 3rd quarter. APG Asset Management N.V. now owns 105,628 shares of the company’s stock valued at $11,052,000 after buying an additional 1,000 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Polaris Industries by 8.8% in the 3rd quarter. Advisors Capital Management LLC now owns 18,317 shares of the company’s stock valued at $1,917,000 after buying an additional 1,487 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Polaris Industries by 11.4% in the 3rd quarter. First Trust Advisors LP now owns 17,026 shares of the company’s stock valued at $1,781,000 after buying an additional 1,749 shares in the last quarter. Finally, Parsec Financial Management Inc. boosted its holdings in shares of Polaris Industries by 29.0% in the 3rd quarter. Parsec Financial Management Inc. now owns 96,957 shares of the company’s stock valued at $10,145,000 after buying an additional 21,817 shares in the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
Several brokerages have recently issued reports on PII. Stephens set a $133.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a report on Friday, January 19th. BMO Capital Markets restated a “hold” rating and issued a $105.00 target price on shares of Polaris Industries in a report on Wednesday, January 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $144.00 target price (up previously from $121.00) on shares of Polaris Industries in a report on Monday, January 29th. Citigroup lowered their target price on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Wells Fargo & Co upgraded shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $112.50.
Shares of Polaris Industries Inc. (NYSE:PII) opened at $117.04 on Friday. The firm has a market cap of $7,380.00, a price-to-earnings ratio of 32.97, a P/E/G ratio of 1.27 and a beta of 1.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $137.66.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.47. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. Polaris Industries’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. analysts forecast that Polaris Industries Inc. will post 6.12 earnings per share for the current year.
The company 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 dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.05%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio is presently 65.35%.
In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction 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. 2.20% of the stock is currently owned by corporate insiders.
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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