Oak Point Wealth Management purchased a new position in shares of Polaris Industries Inc. (NYSE:PII) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,594 shares of the company’s stock, valued at approximately $820,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc. purchased a new position in shares of Polaris Industries during the 3rd quarter worth $222,000. HighPoint Advisor Group LLC acquired a new position in Polaris Industries during the 3rd quarter worth about $230,000. Quantbot Technologies LP acquired a new position in Polaris Industries during the 2nd quarter worth about $243,000. Commerce Bank lifted its stake in Polaris Industries by 7.4% during the 2nd quarter. Commerce Bank now owns 2,771 shares of the company’s stock worth $256,000 after acquiring an additional 190 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Polaris Industries by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after acquiring an additional 1,793 shares in the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.
Polaris Industries Inc. (NYSE PII) traded up $2.81 during mid-day trading on Tuesday, reaching $128.00. The company’s stock had a trading volume of 525,400 shares, compared to its average volume of 571,780. 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 firm has a market cap of $8,040.00, a price-to-earnings ratio of 40.25, a P/E/G ratio of 1.48 and a beta of 1.40. Polaris Industries Inc. has a 52 week low of $77.91 and a 52 week high of $134.66.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, November 30th. Polaris Industries’s dividend payout ratio is currently 72.96%.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Wedbush reissued a “neutral” rating and set a $119.00 target price (up previously from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. BMO Capital Markets lowered Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research note on Wednesday, October 25th. Wells Fargo & Co reissued a “market perform” rating and set a $115.00 target price (up previously from $93.00) on shares of Polaris Industries in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada increased their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $102.20.
In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the stock in a transaction dated Monday, October 30th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 58,102 shares of company stock worth $7,174,301 in the last ninety days. 2.20% of the stock is owned by corporate 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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