Polaris Industries Inc. (PII) Position Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lifted its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,363 shares of the company’s stock after acquiring an additional 11,823 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.49% of Polaris Industries worth $32,160,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in PII. Janus Henderson Group PLC raised its holdings in shares of Polaris Industries by 27,968.2% during the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock valued at $222,372,000 after acquiring an additional 2,402,472 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris Industries by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $484,822,000 after acquiring an additional 572,461 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Polaris Industries by 6.1% during the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after acquiring an additional 323,616 shares in the last quarter. State Street Corp raised its holdings in shares of Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after acquiring an additional 161,055 shares in the last quarter. Finally, Columbus Circle Investors bought a new position in shares of Polaris Industries during the third quarter valued at approximately $13,969,000. Institutional investors own 91.08% of the company’s stock.
In other news, SVP James P. Williams sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the sale, the insider now directly owns 8,846 shares in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,102 shares of company stock worth $7,174,301. Insiders own 2.20% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub raised 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 stock a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Friday, September 29th. Northcoast Research reaffirmed a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Finally, BMO Capital Markets upped their price target on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Polaris Industries has a consensus rating of “Hold” and a consensus target price of $99.27.
Polaris Industries Inc. (NYSE PII) traded up $2.22 during midday trading on Monday, hitting $133.70. The stock had a trading volume of 735,700 shares, compared to its average volume of 813,231. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week high of $134.29. The stock has a market capitalization of $8,180.00, a PE ratio of 29.39, a P/E/G ratio of 1.84 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, October 24th. The company reported $1.46 EPS 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 analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. equities research analysts expect 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 of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. Polaris Industries’s dividend payout ratio is currently 72.96%.
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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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