Oak Point Wealth Management Purchases New Holdings in Polaris Industries Inc. (PII)

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.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 33.81% and a net margin of 3.90%. Polaris Industries’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. equities analysts anticipate 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 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.

TRADEMARK VIOLATION NOTICE: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://sportsperspectives.com/2018/01/09/oak-point-wealth-management-purchases-new-holdings-in-polaris-industries-inc-pii.html.

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.

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).

Institutional Ownership 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

Leave a Reply