Teza Capital Management LLC Takes $214,000 Position in Polaris Industries Inc. (NYSE:PII)

Teza Capital Management LLC purchased a new stake in shares of Polaris Industries Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,314 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in shares of Polaris Industries during the second quarter valued at $328,000. State Board of Administration of Florida Retirement System raised its stake in shares of Polaris Industries by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 75,552 shares of the company’s stock valued at $6,992,000 after acquiring an additional 871 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Polaris Industries during the second quarter valued at $332,000. Fisher Asset Management LLC bought a new position in shares of Polaris Industries during the second quarter valued at $37,933,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Polaris Industries by 16.6% during the second quarter. PNC Financial Services Group Inc. now owns 18,377 shares of the company’s stock valued at $1,700,000 after acquiring an additional 2,610 shares during the last quarter. 74.02% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the stock. Lake Street Capital increased their price objective on shares of Polaris Industries from $107.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. SunTrust Banks increased their price objective on shares of Polaris Industries from $56.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Stifel Nicolaus increased their price objective on shares of Polaris Industries from $67.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. KeyCorp raised their price target on shares of Polaris Industries from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, BMO Capital Markets raised their price target on shares of Polaris Industries from $70.00 to $84.00 and gave the stock a “market perform” rating in a report on Thursday, June 18th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $97.69.

Shares of NYSE PII opened at $103.65 on Wednesday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 20.61 and a beta of 2.15. The company has a 50-day moving average price of $100.63 and a 200-day moving average price of $82.42. Polaris Industries Inc. has a 1 year low of $37.35 and a 1 year high of $110.30. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.99 and a quick ratio of 0.45.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.70. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Polaris Industries had a negative net margin of 0.83% and a positive return on equity of 32.38%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the company earned $1.73 earnings per share. As a group, equities research analysts anticipate that Polaris Industries Inc. will post 6.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, August 31st. Polaris Industries’s dividend payout ratio is currently 39.24%.

In related news, CEO Scott W. Wine sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $108.23, for a total transaction of $9,740,700.00. Following the transaction, the chief executive officer now directly owns 464,355 shares of the company’s stock, valued at $50,257,141.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Menneto sold 27,825 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $107.00, for a total transaction of $2,977,275.00. Following the transaction, the insider now directly owns 17,976 shares in the company, valued at $1,923,432. The disclosure for this sale can be found here. Insiders have sold 173,016 shares of company stock valued at $18,559,614 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

About Polaris Industries

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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