Polaris Industries (PII) : Tiemann Investment Advisors reduced its stake in Polaris Industries by 1.54% during the most recent quarter end. The investment management company now holds a total of 18,200 shares of Polaris Industries which is valued at $1,619,254 after selling 285 shares in Polaris Industries , the firm said in a disclosure report filed with the SEC on May 2, 2016.Polaris Industries makes up approximately 1.61% of Tiemann Investment Advisors’s portfolio.
Polaris Industries closed down -3.78 points or -4.08% at $88.97 with 29,42,908 shares getting traded on Friday. Post opening the session at $92.59, the shares hit an intraday low of $87.4301 and an intraday high of $93.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Cadence Capital Management boosted its stake in PII in the latest quarter, The investment management firm added 5,077 additional shares and now holds a total of 15,998 shares of Polaris Industries which is valued at $1,423,342. Polaris Industries makes up approx 0.10% of Cadence Capital Management’s portfolio.Greenleaf Trust boosted its stake in PII in the latest quarter, The investment management firm added 7,275 additional shares and now holds a total of 132,645 shares of Polaris Industries which is valued at $12,983,293. Polaris Industries makes up approx 0.35% of Greenleaf Trust’s portfolio.Alexandria Capital boosted its stake in PII in the latest quarter, The investment management firm added 29,010 additional shares and now holds a total of 48,400 shares of Polaris Industries which is valued at $4,737,392. Polaris Industries makes up approx 0.85% of Alexandria Capital’s portfolio.Advisory Services Network boosted its stake in PII in the latest quarter, The investment management firm added 805 additional shares and now holds a total of 1,485 shares of Polaris Industries which is valued at $149,317. Polaris Industries makes up approx 0.04% of Advisory Services Network’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.