Advisors Asset Management Inc. Has $939,000 Stake in Polaris Industries Inc. (PII)
Advisors Asset Management Inc. boosted its position in Polaris Industries Inc. (NYSE:PII) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,183 shares of the company’s stock after buying an additional 1,143 shares during the period. Advisors Asset Management Inc.’s holdings in Polaris Industries were worth $939,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. increased its position in shares of Polaris Industries by 12.0% in the second quarter. Wedbush Securities Inc. now owns 3,240 shares of the company’s stock worth $299,000 after buying an additional 346 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Polaris Industries by 23.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,743 shares of the company’s stock worth $555,000 after buying an additional 1,082 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Polaris Industries by 10.4% in the second quarter. Rice Hall James & Associates LLC now owns 7,884 shares of the company’s stock worth $727,000 after buying an additional 744 shares during the period. Arizona State Retirement System increased its position in shares of Polaris Industries by 21.0% in the second quarter. Arizona State Retirement System now owns 29,400 shares of the company’s stock worth $2,712,000 after buying an additional 5,100 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Polaris Industries by 6.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 295,540 shares of the company’s stock worth $27,258,000 after buying an additional 18,805 shares during the period. 95.12% of the stock is currently owned by institutional investors.
Polaris Industries Inc. (NYSE PII) opened at 92.57 on Thursday. The firm has a market cap of $5.79 billion, a PE ratio of 38.72 and a beta of 1.31. Polaris Industries Inc. has a one year low of $70.14 and a one year high of $99.16. The company has a 50 day moving average of $90.64 and a 200-day moving average of $87.30.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous 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 predict that Polaris Industries Inc. will post $4.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.51%. Polaris Industries’s dividend payout ratio (DPR) is currently 97.07%.
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A number of equities analysts have commented on the stock. BidaskClub raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Aegis reaffirmed a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Finally, TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $86.87.
In related news, Director George W. Bilicic bought 2,833 shares of Polaris Industries stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the acquisition, the director now owns 2,833 shares in the company, valued at $269,644.94. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the acquisition, the chief executive officer now 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 insiders.
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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