Polaris Industries (PII) : Schwartz Investment Counsel Inc scooped up 42,740 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 406,200 shares of Polaris Industries which is valued at $33.9 Million.Polaris Industries makes up approximately 2.53% of Schwartz Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Twin Capital Management Inc sold out all of its stake in PII during the most recent quarter. The investment firm sold 11,777 shares of PII which is valued $983,380. Isthmus Partners added PII to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $83,500. Polaris Industries makes up approx 0.03% of Isthmus Partners’s portfolio.Schwab Charles Investment Management Inc boosted its stake in PII in the latest quarter, The investment management firm added 64,571 additional shares and now holds a total of 209,311 shares of Polaris Industries which is valued at $18.6 Million. Polaris Industries makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio.Pacad Investment Ltd. reduced its stake in PII by selling 16,203 shares or 81.41% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of PII which is valued at $329,189. Polaris Industries makes up approx 0.04% of Pacad Investment Ltd.’s portfolio.Commonwealth Equity Services Inc boosted its stake in PII in the latest quarter, The investment management firm added 1,811 additional shares and now holds a total of 9,828 shares of Polaris Industries which is valued at $961,965. Polaris Industries makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.
Polaris Industries opened for trading at $83.97 and hit $84.8 on the upside on Monday, eventually ending the session at $84.38, with a gain of 1.05% or 0.88 points. The heightened volatility saw the trading volume jump to 12,54,580 shares. Company has a market cap of $5,453 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.