Polaris Industries Inc. (PII) Stake Lessened by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. lowered its stake in shares of Polaris Industries Inc. (NYSE:PII) by 27.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,631 shares of the company’s stock after selling 9,124 shares during the period. Ameritas Investment Partners Inc.’s holdings in Polaris Industries were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Polaris Industries by 625.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after buying an additional 63,072 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Polaris Industries by 15.4% during the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock valued at $4,955,000 after buying an additional 7,171 shares during the last quarter. Swiss National Bank raised its position in shares of Polaris Industries by 1.2% during the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock valued at $20,125,000 after buying an additional 2,500 shares during the last quarter. Staton Financial Advisors LLC raised its position in shares of Polaris Industries by 3.1% during the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock valued at $3,321,000 after buying an additional 1,203 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of Polaris Industries by 860.0% during the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock valued at $2,244,000 after buying an additional 21,853 shares during the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.
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In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $88.81 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George W. Bilicic purchased 2,833 shares of the stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the acquisition, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, Stifel Nicolaus raised their target price on shares of Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $91.46.
Polaris Industries Inc. (NYSE PII) traded up 0.11% on Friday, reaching $104.48. 191,113 shares of the company’s stock traded hands. Polaris Industries Inc. has a 52 week low of $73.98 and a 52 week high of $108.46. The firm has a 50-day moving average price of $101.96 and a 200-day moving average price of $90.97. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 43.70 and a beta of 1.31.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. On average, analysts predict that Polaris Industries Inc. will post $4.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s payout ratio is currently 97.07%.
About Polaris Industries
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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