Exencial Wealth Advisors LLC Acquires 779 Shares of Polaris Industries Inc. (NYSE:PII)

Exencial Wealth Advisors LLC grew its holdings in Polaris Industries Inc. (NYSE:PII) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,300 shares of the company’s stock after purchasing an additional 779 shares during the period. Exencial Wealth Advisors LLC’s holdings in Polaris Industries were worth $2,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Ffcm LLC lifted its stake in shares of Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Polaris Industries by 625.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after purchasing an additional 63,072 shares during the last quarter. Autus Asset Management LLC lifted its stake in shares of Polaris Industries by 0.7% in the 2nd quarter. Autus Asset Management LLC now owns 47,328 shares of the company’s stock valued at $4,365,000 after purchasing an additional 331 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Polaris Industries by 8.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 70,295 shares of the company’s stock valued at $6,483,000 after purchasing an additional 5,491 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Polaris Industries by 1.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 31,192 shares of the company’s stock worth $2,877,000 after acquiring an additional 453 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the acquisition, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the completion of the sale, the senior vice president now directly owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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Polaris Industries Inc. (PII) opened at 107.54 on Thursday. Polaris Industries Inc. has a 12-month low of $72.05 and a 12-month high of $108.24. The stock has a 50 day moving average price of $94.27 and a 200-day moving average price of $88.72. The stock has a market cap of $6.73 billion, a P/E ratio of 44.98 and a beta of 1.30.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. On average, equities analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s payout ratio is 97.07%.

Several research firms recently issued reports on PII. UBS AG decreased their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, September 15th. BMO Capital Markets increased their target price on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Stifel Nicolaus reissued a “hold” rating and set a $98.00 target price (up previously from $87.00) on shares of Polaris Industries in a research note on Monday. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Finally, Robert W. Baird lowered Polaris Industries from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $88.00 to $96.00 in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus price target of $90.15.

Polaris Industries 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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