Polaris Industries Inc. (NYSE:PII) SVP Stacy L. Bogart sold 20,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the completion of the transaction, the senior vice president now directly owns 30,975 shares in the company, valued at $3,780,498.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Polaris Industries Inc. (NYSE PII) traded down 1.39% during trading on Monday, hitting $117.25. 1,056,360 shares of the stock were exchanged. Polaris Industries Inc. has a one year low of $73.98 and a one year high of $126.85. The stock’s 50 day moving average is $106.60 and its 200-day moving average is $93.23. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 49.04 and a beta of 1.31.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. On average, equities research analysts expect that Polaris Industries Inc. will post $4.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s payout ratio is currently 73.19%.
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Several equities analysts have issued reports on PII shares. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Lake Street Capital boosted their price objective on shares of Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Wednesday, July 19th. Aegis reissued a “buy” rating and issued a $107.00 price objective on shares of Polaris Industries in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $87.00 price objective (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Polaris Industries presently has an average rating of “Hold” and an average target price of $99.27.
A number of large investors have recently added to or reduced their stakes in PII. Trust Co. of Vermont grew its holdings in Polaris Industries by 132.0% during the second 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 period. IFP Advisors Inc grew its holdings in Polaris Industries by 1.0% during the second 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 period. Ffcm LLC grew its holdings in Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares during the period. Mosaic Family Wealth LLC grew its holdings in Polaris Industries by 7.2% during the second 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 period. Finally, Marshall Wace North America L.P. acquired a new position in Polaris Industries during the first quarter worth about $213,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
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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