ProShare Advisors LLC grew its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,836 shares of the company’s stock after purchasing an additional 7,083 shares during the period. ProShare Advisors LLC owned about 0.19% of Polaris Industries worth $10,776,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of PII. BlackRock Inc. increased its stake 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 purchasing an additional 5,212,474 shares during the period. Kiltearn Partners LLP increased its stake 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 purchasing an additional 1,359,430 shares during the period. Janus Capital Management LLC increased its stake 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 purchasing an additional 627,535 shares during the period. Confluence Investment Management LLC increased its stake 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 purchasing an additional 376,083 shares during the period. Finally, Schroder Investment Management Group increased its stake 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 purchasing an additional 212,396 shares during the period. Institutional investors own 95.14% of the company’s stock.
In other Polaris Industries news, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the acquisition, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $93.24, for a total value of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares in the company, valued at $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
A number of brokerages have issued reports on PII. UBS AG cut their price target on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets boosted their price target on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 price target on shares of Polaris Industries in a research note on Thursday, September 7th. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Finally, Robert W. Baird lowered shares of Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $88.00 to $96.00 in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and a consensus target price of $89.31.
Polaris Industries Inc. (NYSE PII) traded up 0.94% during mid-day trading on Monday, hitting $106.87. 45,280 shares of the company were exchanged. Polaris Industries Inc. has a 12 month low of $70.14 and a 12 month high of $108.03. The firm has a 50 day moving average price of $93.26 and a 200 day moving average price of $88.38. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 44.70 and a beta of 1.30.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Analysts anticipate that Polaris Industries Inc. will post $4.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.19%. Polaris Industries’s dividend payout ratio is presently 97.07%.
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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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