Legal & General Group Plc increased its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,537 shares of the company’s stock after acquiring an additional 1,725 shares during the period. Legal & General Group Plc owned about 0.48% of Polaris Industries worth $34,761,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Delpha Capital Management LLC bought a new position in Polaris Industries during the 4th quarter valued at about $120,000. Well Done LLC bought a new position in Polaris Industries during the 1st quarter valued at about $128,000. Assetmark Inc. lifted its holdings in Polaris Industries by 1,097.8% during the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after purchasing an additional 988 shares during the last quarter. Ostrum Asset Management bought a new position in Polaris Industries during the 1st quarter valued at about $135,000. Finally, NuWave Investment Management LLC lifted its holdings in Polaris Industries by 57.9% during the 1st quarter. NuWave Investment Management LLC now owns 1,566 shares of the company’s stock valued at $179,000 after purchasing an additional 574 shares during the last quarter. Institutional investors and hedge funds own 86.42% of the company’s stock.

In other Polaris Industries news, EVP Michael T. Speetzen sold 24,500 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $125.28, for a total value of $3,069,360.00. Following the completion of the transaction, the executive vice president now directly owns 35,561 shares of the company’s stock, valued at $4,455,082.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott W. Wine sold 245,000 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $118.36, for a total transaction of $28,998,200.00. Following the completion of the transaction, the chief executive officer now directly owns 357,154 shares of the company’s stock, valued at $42,272,747.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 300,012 shares of company stock valued at $35,932,249. Insiders own 2.40% of the company’s stock.

PII has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. BMO Capital Markets reissued a “hold” rating and set a $125.00 price target (up from $105.00) on shares of Polaris Industries in a report on Monday, April 9th. Stifel Nicolaus reissued a “hold” rating and set a $114.00 price target (up from $112.00) on shares of Polaris Industries in a report on Friday, April 13th. TheStreet raised shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th. Finally, ValuEngine raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and an average target price of $116.06.

Shares of NYSE PII opened at $122.18 on Friday. Polaris Industries Inc. has a 1-year low of $86.51 and a 1-year high of $137.66. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.26 and a beta of 1.18. The company has a quick ratio of 0.41, a current ratio of 1.24 and a debt-to-equity ratio of 0.99.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. equities research analysts anticipate that Polaris Industries Inc. will post 6.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 31st. Polaris Industries’s dividend payout ratio is presently 49.48%.

Polaris Industries 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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