Oppenheimer & Co. Inc. Acquires 27,742 Shares of Polaris Industries Inc. (PII)

Oppenheimer & Co. Inc. raised its stake in shares of Polaris Industries Inc. (NYSE:PII) by 925.7% during the first quarter, Holdings Channel reports. The firm owned 30,739 shares of the company’s stock after buying an additional 27,742 shares during the period. Oppenheimer & Co. Inc.’s holdings in Polaris Industries were worth $2,576,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PII. BlackRock Inc. increased its position 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 valued at $449,135,000 after buying an additional 5,212,474 shares during the period. Vanguard Group Inc. increased its position 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 valued at $444,478,000 after buying an additional 184,995 shares during the period. State Street Corp increased its position in shares of Polaris Industries by 10.1% in the fourth quarter. State Street Corp now owns 4,361,394 shares of the company’s stock valued at $359,323,000 after buying an additional 401,252 shares during the period. Wells Fargo & Company MN increased its position 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 valued at $292,639,000 after buying an additional 111,872 shares during the period. Finally, Kiltearn Partners LLP increased its position 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 valued at $145,911,000 after buying an additional 1,359,430 shares during the period. 93.77% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

Shares of Polaris Industries Inc. (NYSE:PII) traded down 0.64% during midday trading on Friday, hitting $86.68. The company had a trading volume of 812,594 shares. The firm has a market capitalization of $5.46 billion, a PE ratio of 34.40 and a beta of 1.27. The company has a 50-day moving average of $86.75 and a 200 day moving average of $85.35. Polaris Industries Inc. has a 12 month low of $70.14 and a 12 month high of $99.00.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 25th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. Polaris Industries had a return on equity of 25.64% and a net margin of 3.48%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.71 EPS. Polaris Industries’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, analysts expect that Polaris Industries Inc. will post $4.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.32 annualized dividend and a yield of 2.68%. Polaris Industries’s payout ratio is 92.43%.

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Several equities analysts have commented on PII shares. B. Riley reaffirmed a “neutral” rating and issued a $82.00 price objective on shares of Polaris Industries in a research report on Friday, April 21st. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. BidaskClub raised Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 price objective (up previously from $81.00) on shares of Polaris Industries in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Polaris Industries presently has a consensus rating of “Hold” and an average target price of $84.38.

In related news, EVP Michael T. Speetzen sold 5,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total transaction of $420,350.00. Following the completion of the transaction, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gwenne A. Henricks bought 1,200 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average cost of $92.27 per share, with a total value of $110,724.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $110,724. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

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.

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

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