Teacher Retirement System of Texas purchased a new stake in Polaris Industries Inc. (NYSE:PII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,286 shares of the company’s stock, valued at approximately $6,607,000. Teacher Retirement System of Texas owned 0.09% of Polaris Industries at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Polaris Industries by 7.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after acquiring an additional 193 shares during the period. Morse Asset Management Inc raised its stake in Polaris Industries by 5.1% in the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after acquiring an additional 500 shares during the period. Pennsylvania Trust Co raised its stake in Polaris Industries by 2.1% in the 4th quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after acquiring an additional 525 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Polaris Industries by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 89,641 shares of the company’s stock valued at $9,379,000 after acquiring an additional 530 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Polaris Industries by 5.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 11,279 shares of the company’s stock valued at $1,180,000 after acquiring an additional 633 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.
Polaris Industries Inc. (PII) opened at $117.00 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Polaris Industries Inc. has a 12-month low of $77.91 and a 12-month high of $137.66. The firm has a market capitalization of $7,320.00, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is presently 86.25%.
In related news, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares in the company, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. Insiders sold 21,602 shares of company stock worth $2,741,836 in the last 90 days. 2.20% of the stock is owned by company insiders.
PII has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. B. Riley increased their price target on Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. SunTrust Banks restated a “hold” rating and issued a $115.00 price target on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Finally, Wedbush reiterated a “neutral” rating and set a $119.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $112.50.
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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