Dimensional Fund Advisors LP Purchases 119,645 Shares of Polaris Industries Inc. (PII)
Dimensional Fund Advisors LP lifted its position in shares of Polaris Industries Inc. (NYSE:PII) by 28.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,963 shares of the company’s stock after purchasing an additional 119,645 shares during the period. Dimensional Fund Advisors LP owned about 0.86% of Polaris Industries worth $49,432,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PII. Trust Co. of Vermont lifted its position in shares of Polaris Industries by 132.0% during the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares in the last quarter. Ffcm LLC lifted its position in shares of Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after purchasing an additional 85 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after purchasing an additional 115 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Polaris Industries during the first quarter worth $213,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on PII shares. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. UBS AG reduced their target price on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, September 15th. BidaskClub cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, BMO Capital Markets boosted their target price on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $91.54.
Shares of Polaris Industries Inc. (PII) opened at 106.46 on Friday. Polaris Industries Inc. has a 52 week low of $73.98 and a 52 week high of $108.46. The company has a 50 day moving average of $103.82 and a 200-day moving average of $91.87. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 44.53 and a beta of 1.31.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the 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 company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business 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 expect that Polaris Industries Inc. will post $4.51 earnings per share for the current fiscal year.
In other news, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was 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 directly 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 currently owned by corporate 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.
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.