Capital Growth Management LP Buys New Position in Polaris Industries Inc. (PII)

Capital Growth Management LP bought a new position in Polaris Industries Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel reports. The firm bought 35,000 shares of the company’s stock, valued at approximately $4,340,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Polaris Industries in the 4th quarter worth $112,000. Gradient Investments LLC bought a new stake in shares of Polaris Industries in the 4th quarter worth $113,000. NuWave Investment Management LLC bought a new stake in shares of Polaris Industries in the 4th quarter worth $123,000. First Mercantile Trust Co. bought a new stake in shares of Polaris Industries in the 4th quarter worth $222,000. Finally, HighPoint Advisor Group LLC bought a new position in Polaris Industries during the third quarter valued at about $230,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Several equities analysts recently weighed in on the stock. Stephens set a $133.00 price target on shares of Polaris Industries and gave the company a “hold” rating in a research report on Friday, January 19th. SunTrust Banks restated a “hold” rating and set a $115.00 price target on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. B. Riley increased their price target on shares of Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $144.00 price target (up previously from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $112.50.

In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the sale, the insider now directly owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the sale, the senior vice president now directly owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,602 shares of company stock worth $2,741,836. Insiders own 2.20% of the company’s stock.

Shares of Polaris Industries Inc. (NYSE:PII) opened at $117.76 on Friday. The company has a market cap of $7,360.00, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. 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 (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. equities research analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.04%. Polaris Industries’s dividend payout ratio is 65.35%.

TRADEMARK VIOLATION NOTICE: This report was reported by Week Herald and is owned by of Week Herald. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://weekherald.com/2018/02/18/capital-growth-management-lp-buys-new-position-in-polaris-industries-inc-pii.html.

About Polaris Industries

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.

Leave a Reply