Great West Life Assurance Co. Can Has $6.38 Million Position in Polaris Industries Inc. (PII)
Great West Life Assurance Co. Can reduced its stake in shares of Polaris Industries Inc. (NYSE:PII) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,214 shares of the company’s stock after selling 1,101 shares during the period. Great West Life Assurance Co. Can owned 0.10% of Polaris Industries worth $6,383,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. 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. State Street Corp grew its stake 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 valued at $403,763,000 after buying an additional 161,055 shares during the period. Prudential PLC grew its stake in shares of Polaris Industries by 14.8% in the 2nd quarter. Prudential PLC now owns 47,300 shares of the company’s stock valued at $4,363,000 after buying an additional 6,100 shares during the period. Victory Capital Management Inc. grew its stake 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 valued at $4,955,000 after buying an additional 7,171 shares during the period. Finally, Swiss National Bank grew its stake 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 valued at $20,125,000 after buying an additional 2,500 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.
Shares of Polaris Industries Inc. (NYSE:PII) traded up $5.22 during midday trading on Friday, hitting $131.48. The stock had a trading volume of 1,398,500 shares, compared to its average volume of 813,559. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $134.29. The stock has a market cap of $8,300.00, a P/E ratio of 27.75, a PEG ratio of 1.74 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm 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 revenue was up 24.8% compared to the same quarter last year. research analysts expect that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The firm 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 1.76%. Polaris Industries’s payout ratio is presently 72.96%.
In related news, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the sale, the insider now owns 18,846 shares of the company’s stock, valued at approximately $2,247,385.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares in the company, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. Insiders sold a total of 58,102 shares of company stock worth $7,174,301 in the last 90 days. Company insiders own 2.20% of the company’s stock.
Several brokerages have recently commented on PII. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Friday, September 29th. Royal Bank Of Canada restated a “sell” rating and issued a $80.00 target price on shares of Polaris Industries in a research note on Tuesday, October 3rd. BidaskClub upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. B. Riley set a $91.00 price target on Polaris Industries and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets downgraded Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $99.27.
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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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