Polaris Industries Inc. (PII) Insider Sells $786,503.16 in Stock

Share on StockTwits

Polaris Industries Inc. (NYSE:PII) insider Stephen L. Eastman sold 8,028 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total value of $786,503.16. Following the sale, the insider now directly owns 17,706 shares in the company, valued at $1,734,656.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NYSE PII traded down $0.73 during trading hours on Friday, hitting $101.29. 487,166 shares of the company’s stock were exchanged, compared to its average volume of 717,204. Polaris Industries Inc. has a 1-year low of $70.27 and a 1-year high of $131.25. The stock has a market capitalization of $6.21 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.03 and a beta of 1.16. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.31 and a quick ratio of 0.39.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Equities analysts expect that Polaris Industries Inc. will post 6.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 2.41%. Polaris Industries’s dividend payout ratio is currently 37.20%.

Several research firms recently weighed in on PII. Wedbush raised Polaris Industries from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $101.00 to $117.00 in a research note on Thursday. ValuEngine upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. SunTrust Banks raised their price objective on Polaris Industries to $102.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on Polaris Industries to $102.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co raised their price objective on Polaris Industries from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $109.23.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Polaris Industries by 1.5% during the third quarter. Vanguard Group Inc. now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after buying an additional 91,409 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Polaris Industries by 1.5% during the third quarter. Vanguard Group Inc now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after buying an additional 91,409 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Polaris Industries by 9,905.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock valued at $30,000 after buying an additional 2,306,710 shares during the last quarter. Confluence Investment Management LLC boosted its position in shares of Polaris Industries by 1.4% during the first quarter. Confluence Investment Management LLC now owns 1,153,620 shares of the company’s stock valued at $97,400,000 after buying an additional 15,935 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Polaris Industries by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 916,348 shares of the company’s stock valued at $70,266,000 after buying an additional 136,702 shares during the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was first published by Zolmax and is the sole property of of Zolmax. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://zolmax.com/investing/polaris-industries-inc-pii-insider-sells-786503-16-in-stock/3069765.html.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

Further Reading: Oversold

Insider Buying and Selling by Quarter for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

S&P Global Inc  Declares Quarterly Dividend of $0.57
S&P Global Inc Declares Quarterly Dividend of $0.57
Discovery Inc Series C  Shares Bought by Geode Capital Management LLC
Discovery Inc Series C Shares Bought by Geode Capital Management LLC
Lindbrook Capital LLC Takes $495,000 Position in Visa Inc
Lindbrook Capital LLC Takes $495,000 Position in Visa Inc
Intel Co.  Shares Sold by Northstar Asset Management LLC
Intel Co. Shares Sold by Northstar Asset Management LLC
Sigma Investment Counselors Inc. Increases Position in Amazon.com, Inc.
Sigma Investment Counselors Inc. Increases Position in Amazon.com, Inc.
Compton Wealth Advisory Group LLC Has $317,000 Holdings in Vanguard Total Bond Market ETF
Compton Wealth Advisory Group LLC Has $317,000 Holdings in Vanguard Total Bond Market ETF


 
© 2006-2019 Zolmax.