Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in Polaris Industries Inc. (PII)
Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 17.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,852 shares of the company’s stock after purchasing an additional 2,739 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Polaris Industries were worth $1,739,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. IFP Advisors Inc grew its position in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Sheets Smith Wealth Management grew its position in Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after purchasing an additional 14 shares during the last quarter. CAPROCK Group Inc. grew its position in Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after purchasing an additional 27 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Polaris Industries by 0.4% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,071 shares of the company’s stock worth $760,000 after purchasing an additional 35 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Polaris Industries by 0.5% during the 1st quarter. Private Advisor Group LLC now owns 8,355 shares of the company’s stock worth $673,000 after purchasing an additional 40 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on PII shares. KeyCorp reissued a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reissued a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Wedbush reissued a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Polaris Industries presently has an average rating of “Hold” and an average target price of $86.87.
In related news, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the transaction, the senior vice president now owns 19,914 shares in the company, valued at approximately $1,856,781.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine bought 1,293 shares of the firm’s 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 transaction, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 94.71 on Tuesday. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $99.16. The stock has a market cap of $5.92 billion, a P/E ratio of 39.61 and a beta of 1.30. The company’s 50-day moving average is $91.26 and its 200-day moving average is $87.54.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. Polaris Industries’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal 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 given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.45%. Polaris Industries’s dividend payout ratio is presently 97.07%.
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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