Polaris Industries Inc. (PII) Stake Decreased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lowered its stake in shares of Polaris Industries Inc. (NYSE:PII) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,580 shares of the company’s stock after selling 10,711 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.17% of Polaris Industries worth $9,830,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew 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 buying an additional 13 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of Polaris Industries by 0.6% during the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after buying an additional 14 shares in the last quarter. CAPROCK Group Inc. grew its position in shares of Polaris Industries by 0.5% during the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after buying an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Polaris Industries by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after buying an additional 35 shares in the last quarter. Finally, AMG Funds LLC grew its position in shares of Polaris Industries by 0.4% during the second quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after buying an additional 42 shares in the last quarter. 95.20% of the stock is owned by institutional investors and hedge funds.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 103.05 on Friday. The firm has a 50-day moving average price of $102.22 and a 200-day moving average price of $91.11. The company has a market capitalization of $6.45 billion, a PE ratio of 43.10 and a beta of 1.31. Polaris Industries Inc. has a 1-year low of $73.98 and a 1-year high of $108.46.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. Equities analysts anticipate that Polaris Industries Inc. will post $4.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is 97.07%.
PII has been the subject of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. 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 report on Friday, September 29th. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.54.
In other Polaris Industries news, SVP James P. Williams sold 5,250 shares of the company’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 sale, the senior vice president now directly owns 19,914 shares in the company, valued at $1,856,781.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Bilicic purchased 2,833 shares of the stock in a transaction on Friday, August 25th. The stock was bought at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the completion of the transaction, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.
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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