Polaris Industries Inc. (PII) Holdings Lifted by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System grew its position in Polaris Industries Inc. (NYSE:PII) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,641 shares of the company’s stock after purchasing an additional 530 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Polaris Industries worth $9,379,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PII. Wellington Management Group LLP bought a new position in Polaris Industries in the 1st quarter worth about $451,000. Teachers Advisors LLC boosted its holdings in shares of Polaris Industries by 7.2% in the first quarter. Teachers Advisors LLC now owns 57,930 shares of the company’s stock valued at $4,855,000 after acquiring an additional 3,902 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Polaris Industries by 45.6% in the first quarter. Dimensional Fund Advisors LP now owns 416,318 shares of the company’s stock valued at $34,887,000 after acquiring an additional 130,433 shares in the last quarter. Credit Suisse AG boosted its holdings in shares of Polaris Industries by 1.3% in the first quarter. Credit Suisse AG now owns 88,489 shares of the company’s stock valued at $7,417,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Polaris Industries by 2.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,730 shares of the company’s stock valued at $648,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.
Several research analysts have recently issued reports on PII shares. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price objective (up from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. Zacks Investment Research cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. KeyCorp reiterated a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Finally, Royal Bank Of Canada increased their price objective on shares of Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $99.27.
In related news, CEO Scott W. Wine bought 1,293 shares of the business’s stock in a transaction on Friday, August 18th. The stock was bought at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George W. Bilicic bought 2,833 shares of the business’s stock in a transaction on Friday, August 25th. The stock was bought at an average price of $95.18 per share, with a total value of $269,644.94. Following the transaction, the director now owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 4,276 shares of company stock valued at $396,394 and sold 41,852 shares valued at $4,930,631. 2.20% of the stock is currently owned by corporate insiders.
Shares of Polaris Industries Inc. (PII) opened at $119.36 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $7,465.01, a P/E ratio of 26.23, a P/E/G ratio of 1.64 and a beta of 1.39. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $126.85.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.50 EPS. research analysts forecast that Polaris Industries Inc. will post 4.85 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.94%. Polaris Industries’s dividend payout ratio (DPR) is presently 73.19%.
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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