Delta Lloyd Asset Management N.V. bought a new position in shares of Polaris Industries Inc. (NYSE:PII) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,523 shares of the company’s stock, valued at approximately $417,000.
Other large investors also recently modified their holdings of the company. Trust Co. of Vermont increased its position in shares of 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 increased 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 valued at $118,000 after buying an additional 13 shares during the period. Ffcm LLC increased its holdings in Polaris Industries by 4.3% during the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after buying an additional 55 shares during the period. NEXT Financial Group Inc increased its holdings in Polaris Industries by 1,315.0% during the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares during the period. Finally, Mosaic Family Wealth LLC increased 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 valued at $157,000 after buying an additional 115 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on PII shares. B. Riley reiterated a “neutral” rating and set a $91.00 price objective on shares of Polaris Industries in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 price objective (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday. Royal Bank Of Canada cut shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a report on Friday, July 21st. Finally, Aegis reissued a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and an average target price of $91.54.
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In other Polaris Industries news, SVP James P. Williams sold 5,250 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the transaction, the senior vice president now directly owns 19,914 shares in the company, valued at $1,856,781.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the purchase, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
Polaris Industries Inc. (NYSE:PII) opened at 107.38 on Friday. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 44.91 and a beta of 1.30. The company’s 50-day moving average is $94.27 and its 200-day moving average is $88.72. Polaris Industries Inc. has a 52-week low of $72.05 and a 52-week high of $108.45.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts predict that Polaris Industries Inc. will post $4.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.16%. Polaris Industries’s dividend payout ratio is 97.07%.
Polaris Industries 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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