Raymond James Financial Services Advisors Inc. Sells 5,712 Shares of Polaris Industries Inc. (PII)
Raymond James Financial Services Advisors Inc. cut its stake in Polaris Industries Inc. (NYSE:PII) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,654 shares of the company’s stock after selling 5,712 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of Polaris Industries worth $4,986,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of PII. Janus Henderson Group PLC increased its stake in shares of Polaris Industries by 27,968.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after acquiring an additional 2,402,472 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Polaris Industries by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after acquiring an additional 572,461 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Polaris Industries by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after acquiring an additional 323,616 shares during the last quarter. State Street Corp increased 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 worth $403,763,000 after acquiring an additional 161,055 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Polaris Industries by 45.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 416,318 shares of the company’s stock worth $34,887,000 after acquiring an additional 130,433 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
In related news, insider Michael D. Dougherty sold 8,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total transaction of $977,840.00. Following the completion of the transaction, the insider now directly owns 13,113 shares in the company, valued at approximately $1,602,801.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the sale, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,852 shares of company stock valued at $4,930,631 over the last 90 days. 2.20% of the stock is currently owned by company insiders.
Polaris Industries Inc. (PII) opened at $123.10 on Wednesday. Polaris Industries Inc. has a twelve month low of $77.91 and a twelve month high of $126.85. The company has a market capitalization of $7,659.55, a PE ratio of 26.92, a P/E/G ratio of 1.68 and a beta of 1.39. 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 (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating 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 company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $0.50 EPS. Polaris Industries’s revenue for the quarter was up 24.8% on a year-over-year basis. equities analysts anticipate that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
A number of analysts have issued reports on PII shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 target price on shares of Polaris Industries in a research note on Thursday, September 7th. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a research note on Thursday, August 31st. Finally, Royal Bank Of Canada raised their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $99.27.
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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