Pictet Asset Management Ltd. Boosts Stake in Polaris Industries Inc. (PII)

Pictet Asset Management Ltd. boosted its position in Polaris Industries Inc. (NYSE:PII) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,400 shares of the company’s stock after buying an additional 2,200 shares during the period. Pictet Asset Management Ltd.’s holdings in Polaris Industries were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ffcm LLC bought a new stake in shares of Polaris Industries during the fourth quarter worth $106,000. Advantage Investment Management LLC acquired a new stake in Polaris Industries during the fourth quarter worth approximately $123,000. Mosaic Family Wealth LLC boosted its stake in Polaris Industries by 11.9% in the third quarter. Mosaic Family Wealth LLC now owns 1,529 shares of the company’s stock worth $118,000 after buying an additional 162 shares during the period. 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 during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Polaris Industries by 20.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $151,000 after buying an additional 300 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Polaris Industries Inc. (NYSE:PII) opened at 86.68 on Friday. The firm has a 50-day moving average price of $86.75 and a 200-day moving average price of $85.34. The stock has a market cap of $5.46 billion, a P/E ratio of 34.40 and a beta of 1.27. Polaris Industries Inc. has a 52-week low of $70.14 and a 52-week high of $99.00.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. Polaris Industries had a return on equity of 25.64% and a net margin of 3.48%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. On average, analysts anticipate that Polaris Industries Inc. will post $4.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 30th. Polaris Industries’s dividend payout ratio (DPR) is 92.43%.

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Several brokerages have recently issued reports on PII. B. Riley restated a “neutral” rating and issued a $84.00 price objective on shares of Polaris Industries in a research note on Wednesday, April 26th. BMO Capital Markets restated a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a research note on Thursday, April 27th. BidaskClub upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush restated a “neutral” rating and issued a $75.00 price objective on shares of Polaris Industries in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $84.38.

In related news, EVP Michael T. Speetzen sold 5,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. Following the transaction, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gwenne A. Henricks bought 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $110,724. The disclosure for this purchase can be found here. 2.20% of the stock is 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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