Schwartz Investment Counsel Inc buys $43,472,424 stake in Polaris Industries (PII)

Polaris Industries (PII) : Schwartz Investment Counsel Inc scooped up 41,600 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 447,800 shares of Polaris Industries which is valued at $43,472,424.Polaris Industries makes up approximately 3.01% of Schwartz Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Blair William Coil sold out all of its stake in PII during the most recent quarter. The investment firm sold 3,061 shares of PII which is valued $290,366.First Trust Advisors Lp boosted its stake in PII in the latest quarter, The investment management firm added 34,713 additional shares and now holds a total of 64,126 shares of Polaris Industries which is valued at $6,108,643. Polaris Industries makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Dividend Assets Capital boosted its stake in PII in the latest quarter, The investment management firm added 68,306 additional shares and now holds a total of 957,666 shares of Polaris Industries which is valued at $91,619,906. Polaris Industries makes up approx 2.67% of Dividend Assets Capital’s portfolio.Telemus Capital reduced its stake in PII by selling 843 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 27,944 shares of PII which is valued at $2,655,518. Polaris Industries makes up approx 0.31% of Telemus Capital’s portfolio.

Polaris Industries closed down -0.94 points or -0.99% at $93.85 with 6,47,646 shares getting traded on Wednesday. Post opening the session at $94.72, the shares hit an intraday low of $92.88 and an intraday high of $95.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Polaris Industries reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.05. The company had revenue of $1130.80 million for the quarter, compared to analysts expectations of $1100.47 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Investors should note that on Jul 20, 2016, Polaris Industries announced a cash dividend of $0.5500. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Polaris Industries. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Polaris Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 84 from a previous price target of $97 .

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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