Polaris Industries (PII) : Independent Portfolio Consultants scooped up 7,545 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 29,757 shares of Polaris Industries which is valued at $2,846,852.Polaris Industries makes up approximately 0.79% of Independent Portfolio Consultants’s portfolio.
Polaris Industries opened for trading at $94.8 and hit $96.73 on the upside on Monday, eventually ending the session at $95.76, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 9,90,010 shares. Company has a market cap of $6,220 M.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in PII in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 5,954 shares of Polaris Industries which is valued at $569,619. Polaris Industries makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Central Trust Co reduced its stake in PII by selling 7 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 2,813 shares of PII which is valued at $269,120. Polaris Industries makes up approx 0.02% of Central Trust Co’s portfolio.British Columbia Investment Management Corp reduced its stake in PII by selling 12,079 shares or 41.8% in the most recent quarter. The Hedge Fund company now holds 16,815 shares of PII which is valued at $1,557,742. Polaris Industries makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio.Eqis Capital Management reduced its stake in PII by selling 6,506 shares or 18.03% in the most recent quarter. The Hedge Fund company now holds 29,579 shares of PII which is valued at $2,740,199. Polaris Industries makes up approx 0.19% of Eqis Capital Management’s portfolio.
On the company’s financial health, Polaris Industries reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.64. The company had revenue of $1105.60 million for the quarter, compared to analysts expectations of $1077.65 million. The company’s revenue was down -13.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.98 EPS.
Many Wall Street Analysts have commented on Polaris Industries. 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 was Initiated by Sterne Agee CRT to “Neutral” on Mar 1, 2016.
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.