James P. Williams Sells 20,000 Shares of Polaris Industries Inc. (PII) Stock
Polaris Industries Inc. (NYSE:PII) SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The shares were 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 owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Polaris Industries Inc. (NYSE PII) opened at $126.05 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $134.29. The company has a market capitalization of $7,760.00, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.73 and a beta of 1.40.
Polaris Industries (NYSE:PII) last issued its 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. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. equities research analysts forecast that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.84%. Polaris Industries’s dividend payout ratio (DPR) is currently 72.96%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its position in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Polaris Industries by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after buying an additional 35 shares during the last quarter. AMG Funds LLC lifted its position in shares of Polaris Industries by 0.4% in the second quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after buying an additional 42 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Polaris Industries by 1.1% in the second quarter. Stratos Wealth Partners LTD. now owns 4,104 shares of the company’s stock worth $378,000 after buying an additional 45 shares during the last quarter. Finally, World Asset Management Inc lifted its position in shares of Polaris Industries by 1.0% in the second quarter. World Asset Management Inc now owns 4,602 shares of the company’s stock worth $424,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.
A number of research analysts have recently weighed in on PII shares. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Royal Bank Of Canada lifted their price target on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. UBS lowered their price target on 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 Polaris Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $99.27.
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.
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