Advisory Services Network LLC increased its position in shares of Polaris Inc. (NYSE:PII – Get Rating) by 11.9% in the 1st quarter, Holdings Channel reports. The firm owned 21,059 shares of the company’s stock after purchasing an additional 2,232 shares during the period. Advisory Services Network LLC’s holdings in Polaris were worth $2,218,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. IndexIQ Advisors LLC purchased a new stake in shares of Polaris during the first quarter worth approximately $27,000. Disciplined Investments LLC purchased a new stake in shares of Polaris during the first quarter worth approximately $43,000. Brown Brothers Harriman & Co. purchased a new stake in Polaris in the 1st quarter valued at $47,000. Stonebridge Capital Advisors LLC grew its holdings in Polaris by 370.7% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 546 shares of the company’s stock valued at $60,000 after buying an additional 430 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Polaris by 60.9% in the 1st quarter. Signaturefd LLC now owns 637 shares of the company’s stock valued at $67,000 after buying an additional 241 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Stock Performance
Shares of Polaris stock opened at $107.83 on Friday. Polaris Inc. has a 52 week low of $94.24 and a 52 week high of $132.50. The business’s fifty day simple moving average is $114.54 and its 200-day simple moving average is $108.44. The firm has a market cap of $6.42 billion, a PE ratio of 25.08 and a beta of 1.56. The company has a quick ratio of 0.41, a current ratio of 1.22 and a debt-to-equity ratio of 1.36.
Polaris Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, August 31st. Polaris’s payout ratio is 59.53%.
Insider Buying and Selling
In related news, insider Stephen L. Eastman sold 12,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the transaction, the insider now owns 20,583 shares of the company’s stock, valued at approximately $2,472,841.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Stephen L. Eastman sold 12,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the transaction, the insider now owns 20,583 shares of the company’s stock, valued at approximately $2,472,841.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael T. Speetzen sold 24,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.21, for a total value of $2,920,645.00. Following the transaction, the chief executive officer now directly owns 61,202 shares in the company, valued at approximately $7,295,890.42. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have issued reports on PII shares. Jefferies Financial Group started coverage on Polaris in a report on Tuesday, June 28th. They issued a “hold” rating and a $105.00 target price for the company. Robert W. Baird dropped their target price on Polaris from $135.00 to $130.00 in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.36.
Polaris Company Profile
Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through three segments: Off-Road, On-Road and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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