Rhumbline Advisers Has $14.83 Million Stake in Polaris Industries Inc. (PII)
Rhumbline Advisers grew its position in Polaris Industries Inc. (NYSE:PII) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,335 shares of the company’s stock after buying an additional 656 shares during the period. Rhumbline Advisers’ holdings in Polaris Industries were worth $14,825,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC grew its stake in shares of Polaris Industries by 3.4% in the 1st quarter. Guggenheim Capital LLC now owns 49,484 shares of the company’s stock valued at $5,667,000 after buying an additional 1,643 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Polaris Industries by 28.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,877 shares of the company’s stock worth $352,000 after purchasing an additional 641 shares during the period. Principal Financial Group Inc. boosted its position in shares of Polaris Industries by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 256,967 shares of the company’s stock worth $29,428,000 after purchasing an additional 5,496 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Polaris Industries by 64.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 17,171 shares of the company’s stock worth $2,098,000 after purchasing an additional 6,717 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Polaris Industries during the 2nd quarter worth approximately $660,000. 85.04% of the stock is owned by institutional investors and hedge funds.
In other Polaris Industries news, CEO Scott W. Wine purchased 3,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was bought at an average price of $104.09 per share, with a total value of $312,270.00. Following the transaction, the chief executive officer now directly owns 335,154 shares of the company’s stock, valued at approximately $34,886,179.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott W. Wine sold 245,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $118.36, for a total transaction of $28,998,200.00. Following the completion of the transaction, the chief executive officer now directly owns 357,154 shares of the company’s stock, valued at approximately $42,272,747.44. The disclosure for this sale can be found here. Insiders sold a total of 300,012 shares of company stock valued at $35,932,249 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
Shares of PII stock opened at $107.85 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 0.44. Polaris Industries Inc. has a 52 week low of $88.95 and a 52 week high of $137.66. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.97.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.14. Polaris Industries had a net margin of 4.58% and a return on equity of 40.51%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $1.16 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. equities analysts forecast that Polaris Industries Inc. will post 6.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.40 annualized dividend and a yield of 2.23%. Polaris Industries’s dividend payout ratio is presently 49.48%.
Polaris Industries Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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