Brandywine Global Investment Management LLC Decreases Position in Polaris Industries Inc. (PII)
Brandywine Global Investment Management LLC reduced its stake in Polaris Industries Inc. (NYSE:PII) by 42.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,782 shares of the company’s stock after selling 42,110 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of Polaris Industries worth $5,238,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in PII. Trust Co. of Vermont raised its stake in Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after buying an additional 673 shares in the last quarter. IFP Advisors Inc raised its stake in Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares in the last quarter. Ffcm LLC raised its stake in Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after buying an additional 85 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Polaris Industries by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after buying an additional 115 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Polaris Industries in the first quarter worth about $213,000. 95.20% of the stock is owned by institutional investors.
A number of research firms recently issued reports on PII. B. Riley reissued a “neutral” rating and issued a $91.00 price target on shares of Polaris Industries in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “sell” rating and issued a $80.00 price target on shares of Polaris Industries in a research note on Tuesday. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Friday, September 29th. Stifel Nicolaus increased their price target on shares of Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Friday, July 14th. Finally, KeyCorp reissued a “hold” rating on shares of Polaris Industries in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $91.31.
In related news, CEO Scott W. Wine bought 1,293 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Shares of Polaris Industries Inc. (PII) opened at 104.56 on Friday. The company has a 50-day moving average of $99.93 and a 200 day moving average of $90.26. The stock has a market cap of $6.54 billion, a PE ratio of 43.73 and a beta of 1.31. Polaris Industries Inc. has a one year low of $73.07 and a one year high of $108.46.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. Polaris Industries’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, analysts predict that Polaris Industries Inc. will post $4.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, August 30th. Polaris Industries’s dividend payout ratio is presently 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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