Russell Investments Group Ltd. Sells 8,517 Shares of Polaris Industries Inc. (PII)

Russell Investments Group Ltd. lowered its position in shares of Polaris Industries Inc. (NYSE:PII) by 40.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,629 shares of the company’s stock after selling 8,517 shares during the quarter. Russell Investments Group Ltd.’s holdings in Polaris Industries were worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ffcm LLC raised its position in shares of 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 last quarter. HighPoint Advisor Group LLC bought a new stake in Polaris Industries in the third quarter valued at about $230,000. Toronto Dominion Bank increased its holdings in Polaris Industries by 244.3% in the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock valued at $264,000 after purchasing an additional 1,793 shares during the last quarter. Quantbot Technologies LP bought a new stake in Polaris Industries in the second quarter valued at about $243,000. Finally, Commerce Bank increased its holdings in Polaris Industries by 7.4% in the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock valued at $256,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

Shares of Polaris Industries Inc. (NYSE PII) opened at $125.84 on Thursday. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $134.66. The stock has a market capitalization of $7,831.54, a PE ratio of 39.70, a price-to-earnings-growth ratio of 1.72 and a beta of 1.41. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.84%. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.

A number of research firms recently commented on PII. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price objective on shares of Polaris Industries in a report on Thursday, September 7th. SunTrust Banks reiterated a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a report on Wednesday, October 25th. They noted that the move was a valuation call. Robert W. Baird upped their price objective on Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. B. Riley upped their price objective on Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada upped their price objective on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and an average target price of $99.27.

In other news, insider Michael D. Dougherty sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total transaction of $977,840.00. Following the completion of the transaction, the insider now directly owns 13,113 shares of the company’s stock, valued at $1,602,801.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock valued at $7,174,301 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

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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.

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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