Krilogy Financial adds Polaris Industries (PII) to its portfolio

Polaris Industries (PII) : Krilogy Financial added new position in Polaris Industries during the most recent quarter end. The investment management firm now holds 7,000 shares of Polaris Industries which is valued at $584,500 , the company said in a statement filed on May 13, 2016 with the SEC.Polaris Industries makes up approximately 0.24% of Krilogy Financial’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in PII in the latest quarter, The investment management firm added 1,224 additional shares and now holds a total of 8,746 shares of Polaris Industries which is valued at $730,291. Polaris Industries makes up approx 0.04% of Private Advisor Group’s portfolio.Massmutual Trust Co Fsbadv boosted its stake in PII in the latest quarter, The investment management firm added 565 additional shares and now holds a total of 6,980 shares of Polaris Industries which is valued at $582,830. Polaris Industries makes up approx 0.08% of Massmutual Trust Co Fsbadv’s portfolio.Camelot Portfolios boosted its stake in PII in the latest quarter, The investment management firm added 242 additional shares and now holds a total of 10,952 shares of Polaris Industries which is valued at $914,492. Polaris Industries makes up approx 0.56% of Camelot Portfolios’s portfolio.Proshare Advisors boosted its stake in PII in the latest quarter, The investment management firm added 4,552 additional shares and now holds a total of 13,959 shares of Polaris Industries which is valued at $1.2 Million. Polaris Industries makes up approx 0.02% of Proshare Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PII by selling 1,201 shares or 7.76% in the most recent quarter. The Hedge Fund company now holds 14,273 shares of PII which is valued at $1.4 Million. Polaris Industries makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

Polaris Industries opened for trading at $84.68 and hit $86.51 on the upside on Wednesday, eventually ending the session at $86.15, with a gain of 2.45% or 2.06 points. The heightened volatility saw the trading volume jump to 10,91,869 shares. Company has a market cap of $5,568 M.

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.

Investors should note that on Apr 28, 2016, Polaris Industries announced a cash dividend of $0.5500. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

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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