Security National Bank of SO Dak boosted its position in Polaris Industries Inc. (NYSE:PII) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,755 shares of the company’s stock after purchasing an additional 325 shares during the quarter. Security National Bank of SO Dak’s holdings in Polaris Industries were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont raised 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. IFP Advisors Inc raised 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. Ffcm LLC raised its stake in Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Polaris Industries in the 1st quarter valued at about $213,000. 95.20% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on PII. BidaskClub downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a research note on Friday. Finally, Stifel Nicolaus boosted their target price on shares of Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $91.31.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $1.09 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts expect that Polaris Industries Inc. will post $4.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.22%. Polaris Industries’s payout ratio is presently 97.07%.
In other Polaris Industries news, CEO Scott W. Wine acquired 1,293 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $88.81 per share, for a total transaction 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 SEC, which can be accessed through this hyperlink. Also, Director George W. Bilicic acquired 2,833 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price 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. Company insiders own 2.20% of the company’s stock.
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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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