State of Wisconsin Investment Board Buys 62,764 Shares of Polaris Industries Inc. (PII)
State of Wisconsin Investment Board grew its stake in Polaris Industries Inc. (NYSE:PII) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,127 shares of the company’s stock after purchasing an additional 62,764 shares during the period. State of Wisconsin Investment Board owned approximately 0.34% of Polaris Industries worth $22,404,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its holdings in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares during the period. IFP Advisors Inc increased its holdings in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the period. Ffcm LLC increased its holdings in shares of Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares during the period. Mosaic Family Wealth LLC increased its holdings in shares of Polaris Industries by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares during the period. Finally, ARP Americas LLC acquired a new position in shares of Polaris Industries in the second quarter valued at approximately $216,000. 94.75% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Scott W. Wine acquired 1,293 shares of Polaris Industries stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares in the company, valued at $2,247,385.50. The disclosure for this sale can be found here. In the last three months, insiders acquired 4,276 shares of company stock worth $396,394 and sold 41,852 shares worth $4,930,631. 2.20% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on PII. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Friday, September 29th. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Northcoast Research reaffirmed a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $81.00 price objective on shares of Polaris Industries in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and an average price target of $99.27.
Shares of Polaris Industries Inc. (NYSE:PII) opened at $119.36 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The firm has a market capitalization of $7,291.80, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. Polaris Industries Inc. has a twelve month low of $77.91 and a twelve month high of $126.85.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. Polaris Industries’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. equities research analysts forecast that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
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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