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%.

COPYRIGHT VIOLATION WARNING: “Polaris Industries Inc. (PII) Position Boosted by Schwab Charles Investment Management Inc.” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.watchlistnews.com/polaris-industries-inc-pii-position-boosted-by-schwab-charles-investment-management-inc/1757809.html.

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.

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.