Neuberger Berman Group LLC increased its position in shares of Polaris Industries Inc. (NYSE:PII) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,017 shares of the company’s stock after purchasing an additional 2,110 shares during the period. Neuberger Berman Group LLC owned approximately 0.33% of Polaris Industries worth $21,869,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in shares of Polaris Industries by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 134,988 shares of the company’s stock worth $14,124,000 after purchasing an additional 6,388 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Polaris Industries by 1,083.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,643 shares of the company’s stock worth $4,148,000 after purchasing an additional 36,294 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Polaris Industries by 6.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after purchasing an additional 148,734 shares during the period. King Luther Capital Management Corp boosted its stake in shares of Polaris Industries by 16.9% during the 3rd quarter. King Luther Capital Management Corp now owns 33,364 shares of the company’s stock worth $3,491,000 after purchasing an additional 4,814 shares during the period. Finally, Tredje AP fonden boosted its stake in shares of Polaris Industries by 179.8% during the 3rd quarter. Tredje AP fonden now owns 3,330 shares of the company’s stock worth $348,000 after purchasing an additional 2,140 shares during the period. 90.90% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Stacy L. Bogart sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now owns 30,975 shares in the company, valued at approximately $3,780,498.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were 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 owns 18,846 shares of the company’s stock, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,102 shares of company stock valued at $7,174,301. Company insiders own 2.20% of the company’s stock.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. equities research analysts anticipate that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.85%. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
A number of equities analysts recently commented on PII shares. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Friday, September 29th. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a research note on Sunday, September 3rd. Northcoast Research reaffirmed a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $81.00 price objective on shares of Polaris Industries in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average 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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