Kiltearn Partners LLP boosted its position in Polaris Industries Inc. (NYSE:PII) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,755,876 shares of the company’s stock after purchasing an additional 14,700 shares during the period. Polaris Industries comprises 5.2% of Kiltearn Partners LLP’s holdings, making the stock its 8th largest position. Kiltearn Partners LLP owned about 2.81% of Polaris Industries worth $161,944,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of PII. Trust Co. of Vermont lifted its stake in Polaris Industries by 132.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares during the last quarter. Ffcm LLC lifted its stake in Polaris Industries by 4.3% in the 1st quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after purchasing an additional 55 shares during the last quarter. IFP Advisors Inc lifted its stake in Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the last quarter. NEXT Financial Group Inc lifted its stake in Polaris Industries by 1,315.0% in the 1st quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Polaris Industries by 20.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $151,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.
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In related news, SVP James P. Williams sold 5,250 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George W. Bilicic purchased 2,833 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the completion of the purchase, 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. 2.20% of the stock is owned by corporate insiders.
Polaris Industries Inc. (NYSE:PII) traded down 0.34% during midday trading on Friday, hitting $98.25. 155,796 shares of the stock were exchanged. The firm’s 50-day moving average price is $91.77 and its 200 day moving average price is $87.78. Polaris Industries Inc. has a 1-year low of $70.14 and a 1-year high of $100.81. The firm has a market capitalization of $6.15 billion, a P/E ratio of 41.09 and a beta of 1.30.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s dividend payout ratio is currently 97.07%.
Several brokerages recently issued reports on PII. B. Riley reiterated a “neutral” rating and issued a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Royal Bank Of Canada downgraded shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a research note on Friday, July 21st. Aegis reiterated a “buy” rating and issued a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Finally, Longbow Research reiterated an “underperform” rating and issued a $60.00 target price on shares of Polaris Industries in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.87.
Polaris Industries Company 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.
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