Janus Henderson Group PLC Has $222.37 Million Stake in Polaris Industries Inc. (PII)
Janus Henderson Group PLC lifted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 27,968.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,411,062 shares of the company’s stock after buying an additional 2,402,472 shares during the quarter. Janus Henderson Group PLC owned approximately 3.85% of Polaris Industries worth $222,372,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC lifted its stake in Polaris Industries by 625.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after purchasing an additional 63,072 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Polaris Industries by 15.4% during the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after purchasing an additional 7,171 shares during the last quarter. Staton Financial Advisors LLC lifted its stake in Polaris Industries by 3.1% during the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after purchasing an additional 1,203 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Polaris Industries by 860.0% during the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock worth $2,244,000 after purchasing an additional 21,853 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Polaris Industries by 1.2% during the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after purchasing an additional 2,500 shares during the last quarter. 95.20% of the stock is owned by institutional investors and hedge funds.
Polaris Industries Inc. (PII) traded down 0.55% during midday trading on Friday, hitting $103.99. The stock had a trading volume of 783,273 shares. The stock has a 50-day moving average price of $100.36 and a 200 day moving average price of $90.37. Polaris Industries Inc. has a one year low of $73.32 and a one year high of $108.46. The firm has a market cap of $6.51 billion, a PE ratio of 43.49 and a beta of 1.31.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts predict that Polaris Industries Inc. will post $4.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
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In other news, Director George W. Bilicic bought 2,833 shares of the stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the acquisition, the director now owns 2,833 shares in the company, valued at $269,644.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total value of $489,510.00. Following the transaction, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Royal Bank Of Canada restated a “sell” rating and set a $80.00 target price on shares of Polaris Industries in a research note on Tuesday. 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. Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a research note on Friday. Finally, Stifel Nicolaus boosted their target price on Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $91.31.
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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