Confluence Investment Management LLC Sells 26,739 Shares of Polaris Industries Inc. (PII)
Confluence Investment Management LLC cut its stake in shares of Polaris Industries Inc. (NYSE:PII) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,078,274 shares of the company’s stock after selling 26,739 shares during the quarter. Polaris Industries accounts for 2.4% of Confluence Investment Management LLC’s portfolio, making the stock its 4th largest holding. Confluence Investment Management LLC’s holdings in Polaris Industries were worth $133,695,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in shares of Polaris Industries by 7,025.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,390 shares of the company’s stock worth $1,610,000 after acquiring an additional 15,174 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Polaris Industries during the 3rd quarter worth $530,000. Neuberger Berman Group LLC boosted its stake in shares of Polaris Industries by 1.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 209,017 shares of the company’s stock worth $21,869,000 after acquiring an additional 2,110 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Polaris Industries by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 134,988 shares of the company’s stock worth $14,124,000 after acquiring an additional 6,388 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Polaris Industries by 1,083.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,643 shares of the company’s stock worth $4,148,000 after acquiring an additional 36,294 shares in the last quarter. 90.90% of the stock is owned by institutional investors and hedge funds.
PII has been the subject of several research reports. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Friday, September 29th. KeyCorp reaffirmed a “hold” rating on shares of Polaris Industries in a research report on Wednesday, October 4th. Northcoast Research reaffirmed a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $81.00 target price on shares of Polaris Industries in a research report on Friday, October 13th. Finally, BMO Capital Markets cut Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.20.
In related news, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the sale, the insider now owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the sale, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,102 shares of company stock valued at $7,174,301. Insiders own 2.20% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE PII) traded up $2.81 during trading on Monday, hitting $128.00. The stock had a trading volume of 525,400 shares, compared to its average volume of 674,719. The firm has a market capitalization of $8,010.00, a PE ratio of 40.25, a PEG ratio of 1.48 and a beta of 1.40. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. Polaris Industries Inc. has a 1-year low of $77.91 and a 1-year high of $134.66.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. research analysts anticipate that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. Polaris Industries’s payout ratio is 72.96%.
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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