Louisiana State Employees Retirement System raised its position in Polaris Industries Inc. (NYSE:PII) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,300 shares of the company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Polaris Industries were worth $1,411,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont boosted its stake 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 worth $109,000 after buying an additional 673 shares during the period. Ffcm LLC boosted its stake in 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 during the last quarter. NEXT Financial Group Inc boosted its stake in 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 during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in 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, Mosaic Family Wealth LLC boosted its stake in 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 during the last quarter. 93.85% of the stock is owned by institutional investors.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 94.33 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 39.45 and a beta of 1.32. 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 of $89.13 and a 200-day moving average of $86.39.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the 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 company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts forecast that Polaris Industries Inc. will post $4.44 earnings per share for the current year.
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Several equities research analysts have weighed in on PII shares. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a research report on Monday, March 27th. BMO Capital Markets reissued a “buy” rating and set a $100.00 price objective on shares of Polaris Industries in a research note on Thursday, April 27th. 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. Wedbush reissued a “neutral” rating and set 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 issued a $79.00 price target on shares of Polaris Industries in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.80.
In other news, Director Gwenne A. Henricks acquired 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of $92.27 per share, with a total value of $110,724.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at approximately $110,724. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of Polaris Industries stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. Following the completion of the sale, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The disclosure for this sale 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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