Selway Asset Management boosted its position in Polaris Industries Inc. (NYSE:PII) by 443.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,900 shares of the company’s stock after buying an additional 19,500 shares during the period. Polaris Industries makes up 1.3% of Selway Asset Management’s portfolio, making the stock its 29th largest position. Selway Asset Management’s holdings in Polaris Industries were worth $2,204,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock worth $449,135,000 after buying an additional 5,212,474 shares during the period. Vanguard Group Inc. increased its stake in shares of Polaris Industries by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,304,020 shares of the company’s stock worth $444,478,000 after buying an additional 184,995 shares during the period. Wells Fargo & Company MN increased its stake in shares of Polaris Industries by 3.3% in the first quarter. Wells Fargo & Company MN now owns 3,492,115 shares of the company’s stock worth $292,639,000 after buying an additional 111,872 shares during the period. Janus Capital Management LLC increased its stake in shares of Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock worth $196,447,000 after buying an additional 627,535 shares during the period. Finally, Kiltearn Partners LLP increased its stake in shares of Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock worth $145,911,000 after buying an additional 1,359,430 shares during the period. 94.04% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Industries Inc. (NYSE:PII) opened at 88.70 on Friday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 37.10 and a beta of 1.32. The firm’s 50-day moving average is $90.23 and its 200 day moving average is $86.68. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $99.16.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. Equities analysts expect that Polaris Industries Inc. will post $4.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. Polaris Industries’s payout ratio is currently 97.07%.
PII has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $87.00 price target (up from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. B. Riley reissued a “neutral” rating and set a $82.00 price target on shares of Polaris Industries in a report on Friday, April 21st. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Saturday, April 15th. Royal Bank Of Canada reissued a “hold” rating and set a $79.00 price target on shares of Polaris Industries in a report on Friday, June 9th. Finally, Longbow Research reissued an “underperform” rating and set a $60.00 price target on shares of Polaris Industries in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and an average price target of $86.87.
In related news, insider Matthew J. Homan sold 2,600 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now directly owns 20,871 shares in the company, valued at approximately $1,814,942.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 acquired at an average price 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 $110,724. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
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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