World Asset Management Inc Raises Stake in Polaris Industries Inc. (NYSE:PII)
World Asset Management Inc boosted its stake in Polaris Industries Inc. (NYSE:PII) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,602 shares of the company’s stock after buying an additional 46 shares during the period. World Asset Management Inc’s holdings in Polaris Industries were worth $424,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont boosted its position in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after buying an additional 673 shares in the last quarter. Ffcm LLC boosted its position in shares of Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after buying an additional 55 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Polaris Industries by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,627 shares of the company’s stock valued at $127,000 after buying an additional 70 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in shares of Polaris Industries by 4.1% in the first quarter. Mosaic Family Wealth LLC now owns 1,592 shares of the company’s stock valued at $133,000 after buying an additional 63 shares in the last quarter. 93.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.35 on Friday. The stock has a market cap of $5.59 billion, a P/E ratio of 37.37 and a beta of 1.31. Polaris Industries Inc. has a 12 month low of $70.14 and a 12 month high of $99.16. The stock has a 50 day moving average price of $90.63 and a 200-day moving average price of $86.92.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.09 earnings per share. Polaris Industries’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that Polaris Industries Inc. will post $4.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.60%. Polaris Industries’s dividend payout ratio is 97.07%.
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PII has been the subject of several research reports. TheStreet raised Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Polaris Industries in a report on Monday, June 5th. BidaskClub raised Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, July 19th. Finally, Lake Street Capital boosted their price target on Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.87.
In related news, insider Matthew J. Homan sold 2,600 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the completion of the sale, the insider now directly owns 20,871 shares in the company, valued at $1,814,942.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.
About Polaris Industries
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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