Polaris Industries Inc. (PII) Position Reduced by Tredje AP fonden
Tredje AP fonden lessened its position in Polaris Industries Inc. (NYSE:PII) by 72.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,190 shares of the company’s stock after selling 3,170 shares during the quarter. Tredje AP fonden’s holdings in Polaris Industries were worth $110,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of 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 period. Sheets Smith Wealth Management increased its holdings in shares of 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 period. CAPROCK Group Inc. increased its holdings in shares of 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 period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after purchasing an additional 35 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of 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 period. Hedge funds and other institutional investors own 95.13% of the company’s stock.
In other news, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the acquisition, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George W. Bilicic bought 2,833 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director now owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
Several research analysts have recently issued reports on the stock. UBS AG dropped their price objective on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets boosted their price objective on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective on shares of Polaris Industries in a report on Thursday, September 7th. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Finally, Robert W. Baird downgraded shares of 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 report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $89.31.
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Polaris Industries Inc. (PII) opened at 105.87 on Friday. The firm has a 50-day moving average of $93.26 and a 200-day moving average of $88.38. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 44.28 and a beta of 1.30. Polaris Industries Inc. has a 52-week low of $71.08 and a 52-week high of $108.03.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $1.09 earnings per share. Polaris Industries’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Polaris Industries Inc. will post $4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, August 30th. Polaris Industries’s dividend payout ratio is currently 97.07%.
Polaris Industries 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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