Polaris Industries Inc. (NYSE:PII) saw unusually large options trading activity on Wednesday. Stock investors bought 5,781 put options on the company. This represents an increase of approximately 1,936% compared to the typical daily volume of 284 put options.
In related news, insider Michael D. Dougherty sold 8,000 shares of Polaris Industries stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.23, for a total value of $977,840.00. Following the transaction, the insider now owns 13,113 shares in the company, valued at approximately $1,602,801.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the completion of the transaction, the insider now owns 18,846 shares in the company, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,602 shares of company stock worth $4,441,121. 2.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PII. Teachers Advisors LLC boosted its stake in shares of Polaris Industries by 7.2% during the 1st quarter. Teachers Advisors LLC now owns 57,930 shares of the company’s stock valued at $4,855,000 after purchasing an additional 3,902 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Polaris Industries by 6.8% during the 2nd quarter. Aperio Group LLC now owns 17,412 shares of the company’s stock valued at $1,606,000 after purchasing an additional 1,102 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Polaris Industries by 1.3% during the 2nd quarter. State Treasurer State of Michigan now owns 24,100 shares of the company’s stock valued at $2,223,000 after purchasing an additional 300 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Polaris Industries by 2.9% during the 2nd quarter. Shell Asset Management Co. now owns 16,028 shares of the company’s stock valued at $1,478,000 after purchasing an additional 453 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Polaris Industries by 15.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,646 shares of the company’s stock valued at $982,000 after purchasing an additional 1,449 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. equities research analysts expect that Polaris Industries will post 4.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s payout ratio is 73.19%.
A number of brokerages recently commented on PII. BidaskClub upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. B. Riley set a $91.00 target price on shares of Polaris Industries and gave the stock a “hold” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Friday, September 29th. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th. Finally, BMO Capital Markets lifted their target price on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Polaris Industries presently has an average rating of “Hold” and a consensus price target of $99.27.
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Polaris Industries Company 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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