Columbus Circle Investors bought a new position in Polaris Industries Inc. (NYSE:PII) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 133,505 shares of the company’s stock, valued at approximately $13,969,000. Columbus Circle Investors owned approximately 0.21% of Polaris Industries at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of Polaris Industries by 0.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after acquiring an additional 14 shares in the last quarter. CAPROCK Group Inc. grew its stake in shares of Polaris Industries by 0.5% in the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after acquiring an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Polaris Industries by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after acquiring an additional 35 shares in the last quarter. Finally, AMG Funds LLC grew its stake in shares of Polaris Industries by 0.4% in the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
Several research firms have recently issued reports on PII. BidaskClub lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. B. Riley set a $91.00 price target on shares of Polaris Industries and gave the company a “hold” rating in a research report on Monday, October 23rd. Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th. Finally, Aegis restated a “buy” rating and set a $107.00 price target on shares of Polaris Industries in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and an average target price of $99.27.
Shares of Polaris Industries Inc. (NYSE:PII) traded up $1.20 during mid-day trading on Monday, reaching $120.95. The company had a trading volume of 658,700 shares, compared to its average volume of 817,732. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $126.85. The stock has a market capitalization of $7,560.00, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during 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%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. research analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 1.92%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio is currently 72.96%.
TRADEMARK VIOLATION NOTICE: “Columbus Circle Investors Invests $13.97 Million in Polaris Industries Inc. (PII) Stock” was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2017/11/20/columbus-circle-investors-invests-13-97-million-in-polaris-industries-inc-pii-stock.html.
In related news, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction dated Monday, October 30th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George W. Bilicic acquired 2,833 shares of Polaris Industries stock in a transaction that occurred on Friday, August 25th. The stock was 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 directly owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 41,852 shares of company stock valued at $4,930,631. 2.20% of the stock is owned by insiders.
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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