Retirement Systems of Alabama Has $7.85 Million Position in Polaris Industries Inc. (PII)
Retirement Systems of Alabama decreased its holdings in Polaris Industries Inc. (NYSE:PII) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,069 shares of the company’s stock after selling 455 shares during the period. Retirement Systems of Alabama owned 0.12% of Polaris Industries worth $7,854,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Polaris Industries by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after acquiring an additional 323,616 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Polaris Industries by 12.2% in 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 lifted its stake in Polaris Industries by 3.8% in 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 lifted its stake in Polaris Industries by 0.4% in 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 lifted its stake in Polaris Industries by 27,968.2% in 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. 92.91% of the stock is owned by hedge funds and other institutional investors.
Polaris Industries Inc. (PII) opened at $120.95 on Friday. The stock has a market cap of $7,564.45, a P/E ratio of 26.58, a P/E/G ratio of 1.66 and a beta of 1.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries Inc. has a 1-year low of $77.91 and a 1-year high of $126.85.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) 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 net margin of 3.90% and a return on equity of 33.81%. Polaris Industries’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. equities analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. 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 payout ratio is 73.19%.
In other news, Director George W. Bilicic purchased 2,833 shares of the business’s stock in a transaction on Friday, August 25th. The shares were acquired at an average cost 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 of the company’s stock, valued at $269,644.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James P. Williams sold 5,250 shares of Polaris Industries stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the transaction, the senior vice president now directly owns 19,914 shares in the company, valued at $1,856,781.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,852 shares of company stock worth $4,930,631. 2.20% of the stock is currently owned by corporate insiders.
Several brokerages have issued reports on PII. Stifel Nicolaus reissued a “hold” rating and issued a $87.00 price objective on shares of Polaris Industries in a research note on Thursday, September 7th. Aegis reissued a “buy” rating and issued a $107.00 price objective on shares of Polaris Industries in a research note on Thursday, August 17th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Robert W. Baird raised their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, B. Riley raised their price objective on shares of Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Polaris Industries has a consensus rating of “Hold” and an average target price of $99.27.
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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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