Advisory Services Network LLC Raises Holdings in Polaris Inc. (NYSE:PII)

Advisory Services Network LLC increased its position in shares of Polaris Inc. (NYSE:PIIGet Rating) by 11.9% in the 1st quarter, Holdings Channel reports. The firm owned 21,059 shares of the company’s stock after purchasing an additional 2,232 shares during the period. Advisory Services Network LLC’s holdings in Polaris were worth $2,218,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IndexIQ Advisors LLC purchased a new stake in shares of Polaris during the first quarter worth approximately $27,000. Disciplined Investments LLC purchased a new stake in shares of Polaris during the first quarter worth approximately $43,000. Brown Brothers Harriman & Co. purchased a new stake in Polaris in the 1st quarter valued at $47,000. Stonebridge Capital Advisors LLC grew its holdings in Polaris by 370.7% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 546 shares of the company’s stock valued at $60,000 after buying an additional 430 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Polaris by 60.9% in the 1st quarter. Signaturefd LLC now owns 637 shares of the company’s stock valued at $67,000 after buying an additional 241 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Performance

Shares of Polaris stock opened at $107.83 on Friday. Polaris Inc. has a 52 week low of $94.24 and a 52 week high of $132.50. The business’s fifty day simple moving average is $114.54 and its 200-day simple moving average is $108.44. The firm has a market cap of $6.42 billion, a PE ratio of 25.08 and a beta of 1.56. The company has a quick ratio of 0.41, a current ratio of 1.22 and a debt-to-equity ratio of 1.36.

Polaris (NYSE:PIIGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.06 by $0.36. Polaris had a return on equity of 41.72% and a net margin of 3.27%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company posted $2.70 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts forecast that Polaris Inc. will post 10.1 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, August 31st. Polaris’s payout ratio is 59.53%.

Insider Buying and Selling

In related news, insider Stephen L. Eastman sold 12,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the transaction, the insider now owns 20,583 shares of the company’s stock, valued at approximately $2,472,841.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Stephen L. Eastman sold 12,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $120.14, for a total transaction of $1,441,680.00. Following the transaction, the insider now owns 20,583 shares of the company’s stock, valued at approximately $2,472,841.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael T. Speetzen sold 24,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $119.21, for a total value of $2,920,645.00. Following the transaction, the chief executive officer now directly owns 61,202 shares in the company, valued at approximately $7,295,890.42. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on PII shares. Jefferies Financial Group started coverage on Polaris in a report on Tuesday, June 28th. They issued a “hold” rating and a $105.00 target price for the company. Robert W. Baird dropped their target price on Polaris from $135.00 to $130.00 in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.36.

Polaris Company Profile

(Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through three segments: Off-Road, On-Road and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

Recommended Stories

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc. (NYSE:PIIGet Rating).

Institutional Ownership by Quarter for Polaris (NYSE:PII)

Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.