Round Hill Asset Management Decreases Stake in Polaris Industries Inc. (PII)
Round Hill Asset Management reduced its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,341 shares of the company’s stock after selling 160 shares during the quarter. Polaris Industries makes up approximately 2.6% of Round Hill Asset Management’s holdings, making the stock its 13th biggest position. Round Hill Asset Management owned approximately 0.08% of Polaris Industries worth $4,458,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Trust Co. of Vermont grew its stake in shares of Polaris Industries by 132.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after acquiring an additional 673 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares in the last quarter. Ffcm LLC grew its stake in shares of Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Polaris Industries by 20.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock worth $151,000 after acquiring an additional 300 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its stake in shares of Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after acquiring an additional 115 shares in the last quarter. 95.13% of the stock is owned by institutional investors.
Polaris Industries Inc. (PII) traded up 0.419% during trading on Friday, hitting $106.695. 845,690 shares of the company traded hands. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $108.03. The stock has a 50-day moving average price of $92.79 and a 200-day moving average price of $88.25. The firm has a market capitalization of $6.67 billion, a P/E ratio of 44.624 and a beta of 1.30.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. Polaris Industries’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Equities analysts expect that Polaris Industries Inc. will post $4.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s payout ratio is currently 97.07%.
Several equities analysts have recently weighed in on PII shares. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price target on shares of Polaris Industries in a research note on Monday, June 5th. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Wednesday, July 19th. Finally, Lake Street Capital raised their price target on shares of Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Polaris Industries has an average rating of “Hold” and a consensus price target of $89.07.
In related news, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $28,152,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Bilicic purchased 2,833 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $95.18 per share, with a total value of $269,644.94. Following the completion of the transaction, the director now directly owns 2,833 shares in the company, valued at approximately $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.
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.