NuWave Investment Management LLC Acquires Shares of 992 Polaris Industries Inc. (PII)

NuWave Investment Management LLC acquired a new stake in Polaris Industries Inc. (NYSE:PII) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 992 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after acquiring an additional 193 shares during the period. Morse Asset Management Inc boosted its position in shares of Polaris Industries by 5.1% in the fourth quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after acquiring an additional 500 shares during the period. Pennsylvania Trust Co boosted its position in shares of Polaris Industries by 2.1% in the fourth quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after acquiring an additional 525 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Polaris Industries by 0.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 89,641 shares of the company’s stock valued at $9,379,000 after acquiring an additional 530 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Polaris Industries by 5.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 11,279 shares of the company’s stock valued at $1,180,000 after acquiring an additional 633 shares during the period. Institutional investors own 90.98% of the company’s stock.

PII has been the subject of a number of analyst reports. Royal Bank of Canada upgraded shares of Polaris Industries to a “sector perform” rating and set a $113.00 price objective for the company in a research report on Wednesday, January 31st. They noted that the move was a valuation call. BMO Capital Markets lowered shares of Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a research report on Wednesday, October 25th. Wedbush lifted their target price on shares of Polaris Industries from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. B. Riley set a $91.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, Longbow Research upgraded shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $112.50.

In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the transaction, the insider now directly owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the transaction, the senior vice president now directly owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders have sold 21,602 shares of company stock worth $2,741,836 over the last three months. Insiders own 2.20% of the company’s stock.

Shares of Polaris Industries Inc. (NYSE PII) opened at $117.00 on Thursday. The stock has a market cap of $7,097.30, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27. Polaris Industries Inc. has a 1 year low of $77.91 and a 1 year high of $137.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, hitting the consensus estimate of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. equities research analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. Polaris Industries’s dividend payout ratio (DPR) is 86.25%.

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Polaris Industries Company Profile

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.

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

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