Polaris Industries Inc. (NYSE:PII) Given Hold Rating at KeyCorp
KeyCorp reaffirmed their hold rating on shares of Polaris Industries Inc. (NYSE:PII) in a research note published on Wednesday, October 4th. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.47 EPS and FY2017 earnings at $4.55 EPS.
A number of other equities analysts have also recently weighed in on PII. TheStreet upgraded Polaris Industries from a c rating to a b- rating in a report on Thursday, July 20th. Lake Street Capital increased their price target on Polaris Industries from $102.00 to $106.00 and gave the stock a buy rating in a report on Friday, July 21st. BidaskClub upgraded Polaris Industries from a hold rating to a buy rating in a report on Thursday, June 29th. Zacks Investment Research upgraded Polaris Industries from a hold rating to a buy rating and set a $102.00 price target for the company in a report on Wednesday, July 19th. Finally, Aegis reiterated a buy rating and set a $107.00 price target on shares of Polaris Industries in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of Hold and an average price target of $91.54.
Shares of Polaris Industries (PII) traded down 1.26% on Wednesday, reaching $103.05. 678,226 shares of the company’s stock traded hands. The firm has a market cap of $6.45 billion, a P/E ratio of 43.10 and a beta of 1.31. Polaris Industries has a 12-month low of $73.98 and a 12-month high of $108.46. The stock has a 50-day moving average of $102.22 and a 200 day moving average of $91.11.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that Polaris Industries will post $4.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s payout ratio is presently 97.07%.
In other Polaris Industries news, Director George W. Bilicic bought 2,833 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $95.18 per share, with a total value of $269,644.94. Following the transaction, the director now owns 2,833 shares of the company’s stock, valued at $269,644.94. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Scott W. Wine bought 1,293 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PII. Trust Co. of Vermont increased its position in Polaris Industries by 132.0% during the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after buying an additional 673 shares during the period. IFP Advisors Inc increased its position in Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares during the period. Ffcm LLC increased its position in Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after buying an additional 85 shares during the period. Mosaic Family Wealth LLC increased its position in Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after buying an additional 115 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Polaris Industries during the first quarter worth approximately $213,000. 95.20% of the stock is currently owned by institutional investors.
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.
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