HighPoint Advisor Group LLC acquired a new position in Polaris Industries Inc. (NYSE:PII) in the 1st quarter, HoldingsChannel reports. The firm acquired 2,243 shares of the company’s stock, valued at approximately $208,000.
Several other institutional investors have also modified their holdings of the stock. CAPROCK Group Inc. increased its stake in shares of Polaris Industries by 3.1% in the 1st quarter. CAPROCK Group Inc. now owns 4,192 shares of the company’s stock worth $354,000 after acquiring an additional 128 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Polaris Industries by 0.3% in the 4th quarter. Arizona State Retirement System now owns 41,682 shares of the company’s stock worth $3,196,000 after acquiring an additional 137 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Polaris Industries by 0.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 57,495 shares of the company’s stock worth $4,409,000 after acquiring an additional 144 shares in the last quarter. CWM LLC increased its stake in shares of Polaris Industries by 68.1% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock worth $39,000 after acquiring an additional 207 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Polaris Industries by 10.4% in the 4th quarter. Advisors Asset Management Inc. now owns 2,260 shares of the company’s stock worth $173,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.
NYSE:PII opened at $89.42 on Thursday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.97 and a beta of 1.17. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.31 and a quick ratio of 0.39. Polaris Industries Inc. has a fifty-two week low of $70.27 and a fifty-two week high of $131.25.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Polaris Industries had a net margin of 5.22% and a return on equity of 46.89%. Polaris Industries’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Equities research analysts expect that Polaris Industries Inc. will post 6.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 2.73%. Polaris Industries’s dividend payout ratio is currently 37.20%.
PII has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Polaris Industries to $102.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Wedbush upgraded shares of Polaris Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $117.00 in a research note on Thursday, May 2nd. SunTrust Banks raised their price objective on shares of Polaris Industries to $102.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. ValuEngine upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Citigroup raised their price objective on shares of Polaris Industries from $104.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $110.38.
In related news, Director Kevin M. Farr purchased 1,125 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were purchased at an average price of $88.59 per share, with a total value of $99,663.75. Following the acquisition, the director now directly owns 15,604 shares in the company, valued at approximately $1,382,358.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 8,028 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total transaction of $786,503.16. Following the sale, the insider now directly owns 17,706 shares in the company, valued at approximately $1,734,656.82. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.
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Polaris Industries Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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