Columbia Asset Management Has $316,000 Position in Polaris Industries Inc. (PII)
Columbia Asset Management decreased its holdings in Polaris Industries Inc. (NYSE:PII) by 29.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,430 shares of the company’s stock after selling 1,425 shares during the quarter. Columbia Asset Management’s holdings in Polaris Industries were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Polaris Industries by 3,542.9% during the 1st quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock worth $449,135,000 after buying an additional 5,212,474 shares in the last quarter. Kiltearn Partners LLP increased its stake in Polaris Industries by 356.1% during the 1st quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock worth $145,911,000 after buying an additional 1,359,430 shares in the last quarter. Janus Capital Management LLC increased its stake in Polaris Industries by 36.6% during the 1st quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock worth $196,447,000 after buying an additional 627,535 shares in the last quarter. Confluence Investment Management LLC increased its stake in Polaris Industries by 51.5% during the 2nd quarter. Confluence Investment Management LLC now owns 1,106,651 shares of the company’s stock worth $102,066,000 after buying an additional 376,083 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Polaris Industries by 719.9% during the 1st quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after buying an additional 212,396 shares in the last quarter. 95.13% of the stock is owned by institutional investors.
In related news, CEO Scott W. Wine acquired 1,293 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George W. Bilicic acquired 2,833 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the transaction, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
Several research firms have commented on PII. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 price objective on shares of Polaris Industries in a research note on Thursday. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Royal Bank Of Canada lowered Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Friday, July 21st. Robert W. Baird lowered Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $88.00 to $96.00 in a research note on Friday, July 21st. Finally, Lake Street Capital boosted their price objective on Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.86.
Polaris Industries Inc. (NYSE PII) traded up 0.02% during midday trading on Monday, hitting $98.11. The stock had a trading volume of 82,240 shares. The stock has a 50-day moving average price of $91.75 and a 200 day moving average price of $87.85. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $100.81. The firm has a market cap of $6.14 billion, a P/E ratio of 41.03 and a beta of 1.30.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) 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 the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.37%. Polaris Industries’s dividend payout ratio is currently 97.07%.
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.
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).
Receive News & Stock Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related stocks with our FREE daily email newsletter.