Horan Capital Management Has $5.52 Million Position in Polaris Industries Inc. (PII)

Horan Capital Management reduced its stake in shares of Polaris Industries Inc. (NYSE:PII) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,393 shares of the company’s stock after selling 978 shares during the period. Polaris Industries accounts for approximately 1.0% of Horan Capital Management’s investment portfolio, making the stock its 26th biggest position. Horan Capital Management owned approximately 0.11% of Polaris Industries worth $5,521,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in Polaris Industries by 9,905.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock worth $30,000 after acquiring an additional 2,306,710 shares during the period. Norges Bank acquired a new stake in Polaris Industries during the 4th quarter worth about $40,634,000. Van ECK Associates Corp acquired a new stake in Polaris Industries during the 4th quarter worth about $20,060,000. Bank of New York Mellon Corp grew its holdings in Polaris Industries by 17.5% during the 4th quarter. Bank of New York Mellon Corp now owns 916,348 shares of the company’s stock worth $70,266,000 after acquiring an additional 136,702 shares during the period. Finally, Vanguard Group Inc grew its holdings in Polaris Industries by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 6,215,683 shares of the company’s stock worth $627,474,000 after acquiring an additional 91,409 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

PII has been the subject of a number of recent analyst reports. TheStreet downgraded Polaris Industries from a “b-” rating to a “c+” rating in a report on Friday, January 4th. ValuEngine downgraded Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a report on Friday, March 29th. Wells Fargo & Co decreased their price target on Polaris Industries from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Finally, Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $104.17.

Shares of PII traded up $0.10 during trading hours on Monday, hitting $96.55. The stock had a trading volume of 663,901 shares, compared to its average volume of 682,885. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.24 and a quick ratio of 0.43. The company has a market cap of $5.79 billion, a PE ratio of 14.72, a P/E/G ratio of 1.03 and a beta of 1.11. Polaris Industries Inc. has a 1-year low of $70.27 and a 1-year high of $131.25.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, January 29th. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.01. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. Analysts expect that Polaris Industries Inc. will post 6.17 EPS for the current fiscal year.

In related news, Director Kevin M. Farr purchased 1,125 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was acquired at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the purchase, the director now owns 15,604 shares of the company’s stock, valued at $1,382,358.36. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by insiders.

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Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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