United Capital Financial Advisers LLC Sells 201,553 Shares of Polaris Industries Inc. (NYSE:PII)

Share on StockTwits

United Capital Financial Advisers LLC cut its position in shares of Polaris Industries Inc. (NYSE:PII) by 90.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,273 shares of the company’s stock after selling 201,553 shares during the period. United Capital Financial Advisers LLC’s holdings in Polaris Industries were worth $2,032,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Polaris Industries by 1.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,788,808 shares of the company’s stock worth $488,749,000 after purchasing an additional 106,531 shares during the last quarter. BlackRock Inc. grew its stake in Polaris Industries by 0.9% in the 1st quarter. BlackRock Inc. now owns 5,785,774 shares of the company’s stock valued at $488,496,000 after buying an additional 52,706 shares during the last quarter. Wells Fargo & Company MN grew its stake in Polaris Industries by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 3,159,995 shares of the company’s stock valued at $288,286,000 after buying an additional 49,948 shares during the last quarter. Confluence Investment Management LLC grew its stake in Polaris Industries by 0.8% in the 2nd quarter. Confluence Investment Management LLC now owns 1,163,071 shares of the company’s stock valued at $106,107,000 after buying an additional 9,451 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Polaris Industries by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 615,100 shares of the company’s stock valued at $47,134,000 after buying an additional 87,843 shares during the last quarter. Institutional investors own 76.51% of the company’s stock.

Shares of NYSE:PII traded up $1.61 on Thursday, reaching $90.80. 299,680 shares of the company’s stock were exchanged, compared to its average volume of 720,418. The company has a fifty day moving average of $85.61 and a 200-day moving average of $88.26. Polaris Industries Inc. has a twelve month low of $70.27 and a twelve month high of $110.70. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.22 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 0.33 and a debt-to-equity ratio of 2.00.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.07. Polaris Industries had a net margin of 4.94% and a return on equity of 45.12%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts forecast that Polaris Industries Inc. will post 6.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.

A number of brokerages have issued reports on PII. UBS Group upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $97.00 to $105.00 in a research report on Wednesday, July 31st. ValuEngine upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Lake Street Capital increased their target price on shares of Polaris Industries from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Raymond James decreased their target price on shares of Polaris Industries from $115.00 to $108.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $107.85.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?

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).

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.