Kayne Anderson Rudnick Investment Management LLC lowered its position in Polaris Industries Inc. (NYSE:PII) by 48.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 475,574 shares of the company’s stock after selling 450,931 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.76% of Polaris Industries worth $49,760,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PII. IFP Advisors Inc raised its stake in shares of Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Ffcm LLC raised its stake in shares of Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after purchasing an additional 85 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after purchasing an additional 115 shares during the last quarter. ARP Americas LLC purchased a new stake in shares of Polaris Industries during the second quarter worth approximately $216,000. Finally, Sheets Smith Wealth Management raised its stake in shares of Polaris Industries by 0.6% during the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 92.91% of the company’s stock.
In other news, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the acquisition, the chief executive officer now owns 317,000 shares of the company’s stock, valued at $28,152,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 directly owns 18,846 shares in the company, valued at approximately $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.
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Several equities research analysts have recently commented on the company. BMO Capital Markets cut Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research note on Wednesday, October 25th. Wells Fargo & Company restated a “market perform” rating and set a $115.00 price target (up previously from $93.00) on shares of Polaris Industries in a research note on Wednesday, October 25th. Royal Bank Of Canada upped their price target on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus increased their price objective on Polaris Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.27.
Polaris Industries Inc. (NYSE:PII) traded down $0.34 during trading on Thursday, reaching $120.56. The company’s stock had a trading volume of 370,900 shares, compared to its average volume of 820,119. 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 $7,600.00, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 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 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. 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 1.92%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is 72.96%.
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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