ST Germain D J Co. Inc. Has $15.94 Million Holdings in Polaris Industries Inc. (PII)
ST Germain D J Co. Inc. trimmed its position in shares of Polaris Industries Inc. (NYSE:PII) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,330 shares of the company’s stock after selling 727 shares during the period. Polaris Industries makes up approximately 2.0% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 19th largest position. ST Germain D J Co. Inc. owned about 0.24% of Polaris Industries worth $15,938,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Polaris Industries by 6.1% during the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after buying an additional 323,616 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 valued at $484,822,000 after purchasing an additional 572,461 shares in the last quarter. State Street Corp boosted 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 purchasing an additional 161,055 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Polaris Industries by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after purchasing an additional 12,865 shares in the last quarter. Finally, Janus Henderson Group PLC boosted 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 valued at $222,372,000 after purchasing an additional 2,402,472 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
In other Polaris Industries news, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the completion of the transaction, the insider now owns 18,846 shares in the company, valued at approximately $2,247,385.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $88.81 per share, with a total value of $114,831.33. Following the acquisition, the chief executive officer now owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,750 shares of company stock valued at $4,921,975. Company insiders own 2.20% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $91.00 price target on shares of Polaris Industries in a research note on Friday, July 21st. BMO Capital Markets downgraded shares of Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a research note on Wednesday, October 25th. Stifel Nicolaus raised their price target on shares of Polaris Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird raised their price target on shares of Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded shares of 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. Two equities research 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. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $99.27.
Polaris Industries Inc. (PII) traded down $1.66 during trading on Friday, reaching $116.74. 611,150 shares of the company’s stock traded hands, compared to its average volume of 1,074,124. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The stock has a market cap of $7,301.15, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $0.50 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. analysts predict that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.99%. Polaris Industries’s payout ratio is 73.19%.
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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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