Polaris Industries Inc. (PII) Shares Sold by Texas Permanent School Fund

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Texas Permanent School Fund trimmed its holdings in Polaris Industries Inc. (NYSE:PII) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,815 shares of the company’s stock after selling 1,086 shares during the period. Texas Permanent School Fund owned approximately 0.06% of Polaris Industries worth $3,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. West Coast Financial LLC grew its stake in Polaris Industries by 4.5% in the 3rd quarter. West Coast Financial LLC now owns 66,314 shares of the company’s stock valued at $6,694,000 after buying an additional 2,846 shares in the last quarter. Polaris Greystone Financial Group LLC boosted its holdings in Polaris Industries by 200.0% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 3,000 shares of the company’s stock valued at $303,000 after purchasing an additional 2,000 shares during the period. Northstar Investment Advisors LLC boosted its holdings in Polaris Industries by 1.0% in the 3rd quarter. Northstar Investment Advisors LLC now owns 86,433 shares of the company’s stock valued at $8,725,000 after purchasing an additional 831 shares during the period. Aperio Group LLC boosted its holdings in Polaris Industries by 6.2% in the 3rd quarter. Aperio Group LLC now owns 16,896 shares of the company’s stock valued at $1,706,000 after purchasing an additional 984 shares during the period. Finally, Hendershot Investments Inc. boosted its holdings in Polaris Industries by 7.5% in the 3rd quarter. Hendershot Investments Inc. now owns 31,040 shares of the company’s stock valued at $3,133,000 after purchasing an additional 2,169 shares during the period. Institutional investors and hedge funds own 83.44% of the company’s stock.

NYSE PII opened at $89.88 on Wednesday. Polaris Industries Inc. has a 52-week low of $84.63 and a 52-week high of $137.66. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00. The firm has a market cap of $5.27 billion, a PE ratio of 18.53, a P/E/G ratio of 0.87 and a beta of 0.92.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.46 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Polaris Industries Inc. will post 6.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, November 30th. Polaris Industries’s dividend payout ratio is currently 49.48%.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a report on Tuesday, August 7th. Raymond James raised shares of Polaris Industries from a “market perform” rating to a “strong-buy” rating in a report on Friday, October 26th. Lake Street Capital set a $124.00 price target on shares of Polaris Industries and gave the company a “buy” rating in a report on Monday, October 22nd. Royal Bank of Canada cut their price target on shares of Polaris Industries to $96.00 and set a “sector perform” rating for the company in a report on Wednesday, October 17th. Finally, Citigroup raised their price target on shares of Polaris Industries from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Polaris Industries presently has a consensus rating of “Hold” and an average target price of $111.23.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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