Polaris Industries Inc. (PII) Director Lawrence D. Kingsley Purchases 150 Shares
Polaris Industries Inc. (NYSE:PII) Director Lawrence D. Kingsley purchased 150 shares of Polaris Industries stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $79.45 per share, for a total transaction of $11,917.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Lawrence D. Kingsley also recently made the following trade(s):
- On Tuesday, November 21st, Lawrence D. Kingsley sold 102 shares of Polaris Industries stock. The shares were sold at an average price of $84.86, for a total transaction of $8,655.72.
Shares of Polaris Industries Inc. (NYSE PII) traded up $1.14 on Wednesday, hitting $115.71. 121,132 shares of the company traded hands, compared to its average volume of 1,102,175. Polaris Industries Inc. has a fifty-two week low of $77.35 and a fifty-two week high of $126.85. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7,209.87, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 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 in the prior year, the business posted $0.50 earnings per share. Polaris Industries’s revenue for the quarter was up 24.8% compared to the same quarter last year. equities research analysts expect that Polaris Industries Inc. will post 4.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is 73.19%.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position 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 purchasing an additional 323,616 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Polaris Industries by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after purchasing an additional 572,461 shares during the last quarter. State Street Corp increased its position in Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares during the last quarter. Wells Fargo & Company MN increased its position in Polaris Industries by 0.4% during the second quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock worth $323,265,000 after purchasing an additional 12,865 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Polaris Industries by 27,968.2% during the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after purchasing an additional 2,402,472 shares during the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on PII shares. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Lake Street Capital upped their price target on shares of Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a report on Friday, July 21st. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Wednesday, July 19th. Aegis reaffirmed a “buy” rating and issued a $107.00 price target on shares of Polaris Industries in a report on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 price target (up previously from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $99.27.
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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