Steward Partners Investment Advisory LLC bought a new position in shares of Polaris Industries Inc. (NYSE:PII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,067 shares of the company’s stock, valued at approximately $530,000.
Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised 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 purchasing an additional 13 shares during the period. Ffcm LLC raised 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 purchasing an additional 85 shares during the period. Mosaic Family Wealth LLC raised 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 purchasing an additional 115 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Polaris Industries in the 3rd quarter worth approximately $230,000. Finally, TD Asset Management Inc. bought a new stake in shares of Polaris Industries in the 3rd quarter worth approximately $222,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP James P. Williams sold 20,000 shares of the business’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 directly owns 22,664 shares in the company, valued at approximately $2,880,141.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were 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 $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,102 shares of company stock valued at $7,174,301 over the last 90 days. Company insiders own 2.20% of the company’s stock.
Polaris Industries (NYSE:PII) last released 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. sell-side analysts anticipate that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.58 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.85%. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.
PII has been the topic of a number of research reports. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Royal Bank of Canada lifted their price target on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. UBS lowered their price target on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. Finally, BMO Capital Markets lifted their price target on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.27.
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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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