Verus Financial Partners buys $1,140,498 stake in Polaris Industries (PII)

Polaris Industries (PII) : Verus Financial Partners scooped up 4 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 11,652 shares of Polaris Industries which is valued at $1,140,498.Polaris Industries makes up approximately 0.52% of Verus Financial Partners’s portfolio.

Polaris Industries opened for trading at $98 and hit $99.9299 on the upside on Monday, eventually ending the session at $98.94, with a gain of 1.08% or 1.06 points. The heightened volatility saw the trading volume jump to 8,12,333 shares. Company has a market cap of $6,394 M.

Other Hedge Funds, Including , Punch Associates Investment Management sold out all of its stake in PII during the most recent quarter. The investment firm sold 480 shares of PII which is valued $46,982.Dividend Asset Capital reduced its stake in PII by selling 41,182 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 889,360 shares of PII which is valued at $89,425,148. Polaris Industries makes up approx 2.49% of Dividend Asset Capital’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in PII by selling 1,350 shares or 17.6% in the most recent quarter. The Hedge Fund company now holds 6,320 shares of PII which is valued at $604,634. Polaris Industries makes up approx 0.12% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Simplex Trading reduced its stake in PII by selling 17,990 shares or 88.48% in the most recent quarter. The Hedge Fund company now holds 2,342 shares of PII which is valued at $224,059. Polaris Industries makes up approx 0.04% of Simplex Trading’s portfolio.

On the company’s financial health, Polaris Industries reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $983.00 million for the quarter, compared to analysts expectations of $966.43 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Polaris Industries. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 97 from a previous price target of $93 .Polaris Industries was Downgraded by Stifel to ” Hold” on Apr 14, 2016. Lake Street Initiated Polaris Industries on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $121.

Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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