Shell Asset Management Co. boosted its stake in shares of Polaris Industries Inc. (NYSE:PII) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 16,028 shares of the company’s stock after buying an additional 453 shares during the period. Shell Asset Management Co.’s holdings in Polaris Industries were worth $1,478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PII. Dimensional Fund Advisors LP boosted its position in shares of Polaris Industries by 35.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 285,885 shares of the company’s stock valued at $23,553,000 after buying an additional 74,829 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Polaris Industries during the fourth quarter valued at about $807,000. Teachers Advisors LLC boosted its position in shares of Polaris Industries by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 54,028 shares of the company’s stock valued at $4,451,000 after buying an additional 3,095 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Polaris Industries by 150.0% in the fourth quarter. Macquarie Group Ltd. now owns 3,500 shares of the company’s stock valued at $288,000 after buying an additional 2,100 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock valued at $318,000 after buying an additional 25 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors.

Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.40 on Friday. Polaris Industries Inc. has a 52-week low of $70.14 and a 52-week high of $99.16. The company has a 50 day moving average of $90.36 and a 200 day moving average of $86.78. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 37.39 and a beta of 1.31.

Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating 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 analysts’ expectations of $1.26 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts predict that Polaris Industries Inc. will post $4.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.60%. Polaris Industries’s dividend payout ratio is currently 97.07%.

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PII has been the topic of several recent research reports. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 15th. B. Riley restated a “neutral” rating and set a $82.00 target price on shares of Polaris Industries in a research report on Friday, April 21st. BMO Capital Markets restated a “buy” rating and set a $100.00 target price on shares of Polaris Industries in a research report on Thursday, April 27th. Stifel Nicolaus restated a “hold” rating and set a $82.00 target price (up from $81.00) on shares of Polaris Industries in a research report on Saturday, April 29th. Finally, Wedbush restated a “neutral” rating and set a $75.00 target price on shares of Polaris Industries in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $86.87.

In related news, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 20,871 shares of the company’s stock, valued at $1,814,942.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gwenne A. Henricks bought 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $92.27 per share, with a total value of $110,724.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $110,724. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

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

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