6,326 Shares in Polaris Industries Inc. (PII) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. purchased a new position in Polaris Industries Inc. (NYSE:PII) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,326 shares of the company’s stock, valued at approximately $662,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Polaris Industries by 625.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after acquiring an additional 63,072 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Polaris Industries by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after acquiring an additional 7,171 shares in the last quarter. Prudential PLC raised its position in shares of Polaris Industries by 14.8% in the 2nd quarter. Prudential PLC now owns 47,300 shares of the company’s stock worth $4,363,000 after acquiring an additional 6,100 shares in the last quarter. State Street Corp raised its position in shares of Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after acquiring an additional 161,055 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Polaris Industries by 1.2% in the 2nd quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after acquiring an additional 2,500 shares in the last quarter. 92.91% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on PII. BMO Capital Markets downgraded Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research note on Wednesday, October 25th. Wells Fargo & Company restated a “market perform” rating and set a $115.00 target price (up from $93.00) on shares of Polaris Industries in a research note on Wednesday, October 25th. Royal Bank Of Canada boosted their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus boosted their target price on Polaris Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Two 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. The company presently has a consensus rating of “Hold” and an average target price of $99.27.
In related news, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $88.81 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares in the company, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last 90 days, insiders bought 4,276 shares of company stock worth $396,394 and sold 41,852 shares worth $4,930,631. 2.20% of the stock is owned by corporate insiders.
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Shares of Polaris Industries Inc. (NYSE PII) opened at $120.56 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market capitalization of $7,561.36, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. Polaris Industries Inc. has a one year low of $77.91 and a one year high of $126.85.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 business 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 business earned $0.50 EPS. The company’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 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.92%. Polaris Industries’s payout ratio is 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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