54,600 Shares in Polaris Industries Inc. (PII) Purchased by Quantitative Investment Management LLC
Quantitative Investment Management LLC bought a new position in shares of Polaris Industries Inc. (NYSE:PII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,600 shares of the company’s stock, valued at approximately $5,035,000. Quantitative Investment Management LLC owned about 0.09% of Polaris Industries as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PII. BlackRock Inc. boosted its position in Polaris Industries by 3,542.9% during the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock worth $449,135,000 after acquiring an additional 5,212,474 shares during the last quarter. Kiltearn Partners LLP boosted its position in Polaris Industries by 356.1% during the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock worth $145,911,000 after acquiring an additional 1,359,430 shares during the last quarter. Janus Capital Management LLC boosted its position in Polaris Industries by 36.6% during the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock worth $196,447,000 after acquiring an additional 627,535 shares during the last quarter. Confluence Investment Management LLC boosted its position in Polaris Industries by 51.5% during the second quarter. Confluence Investment Management LLC now owns 1,106,651 shares of the company’s stock worth $102,066,000 after acquiring an additional 376,083 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Polaris Industries by 719.9% during the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after acquiring an additional 212,396 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
In other Polaris Industries news, Director George W. Bilicic bought 2,833 shares of Polaris Industries 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 purchase, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James P. Williams sold 5,250 shares of Polaris Industries stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the sale, the senior vice president now owns 19,914 shares of the company’s stock, valued at $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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Polaris Industries Inc. (NYSE:PII) opened at 107.38 on Monday. Polaris Industries Inc. has a 52 week low of $73.07 and a 52 week high of $108.45. The stock has a market cap of $6.72 billion, a P/E ratio of 44.91 and a beta of 1.30. The stock has a 50 day moving average of $94.27 and a 200-day moving average of $88.72.
Polaris Industries (NYSE:PII) last posted 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 analysts’ expectations of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. Analysts forecast that Polaris Industries Inc. will post $4.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
PII has been the topic of a number of analyst reports. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. BidaskClub upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. Robert W. Baird restated a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. Finally, Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.54.
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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