As Polaris Industries (PII) Stock Value Declined, Confluence Investment Management LLC Has Boosted by $5.78 Million Its Holding

September 14, 2018 - By Darrel Chase

Polaris Industries Inc. (NYSE:PII) LogoInvestors sentiment increased to 0.97 in 2018 Q2. Its up 0.07, from 0.9 in 2018Q1. It is positive, as 28 investors sold PII shares while 141 reduced holdings. 58 funds opened positions while 106 raised stakes. 50.90 million shares or 5.07% less from 53.61 million shares in 2018Q1 were reported. 4,604 are held by Shell Asset Management. Vantage Advsr reported 0.01% of its portfolio in Polaris Industries Inc. (NYSE:PII). Ameritas Investment Prtnrs Inc reported 0.12% of its portfolio in Polaris Industries Inc. (NYSE:PII). City Hldgs reported 55 shares stake. State Street holds 0.03% or 3.40M shares in its portfolio. Geode Mngmt Ltd invested 0.02% in Polaris Industries Inc. (NYSE:PII). Old Mutual Customised Solutions (Proprietary) Limited holds 0.01% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 1,200 shares. Cap Inv Advisors Ltd Company, Georgia-based fund reported 3,970 shares. Art Advsrs Ltd Limited Liability Company invested in 25,000 shares. Mariner Ltd Com accumulated 3,920 shares. Citadel Advsrs Ltd reported 50,135 shares. Gemmer Asset Mgmt Ltd Limited Liability Company has 0% invested in Polaris Industries Inc. (NYSE:PII). Ing Groep Nv stated it has 8,995 shares or 0.02% of all its holdings. Mackay Shields Lc has 163,586 shares for 0.14% of their portfolio. Macquarie Group Ltd owns 2,000 shares.

Since June 5, 2018, it had 0 buys, and 6 selling transactions for $40.42 million activity. The insider Speetzen Michael T sold $3.07 million. Dougherty Michael D. sold $1.88M worth of Polaris Industries Inc. (NYSE:PII) on Friday, June 8. Another trade for 36,000 shares valued at $4.49 million was made by Pucel Kenneth on Thursday, June 7. Another trade for 245,000 shares valued at $29.00 million was sold by Wine Scott W.. On Monday, June 11 Williams James P sold $1.89 million worth of Polaris Industries Inc. (NYSE:PII) or 14,750 shares.

Confluence Investment Management Llc increased its stake in Polaris Industries (PII) by 4.37% based on its latest 2018Q2 regulatory filing with the SEC. Confluence Investment Management Llc bought 47,364 shares as the company’s stock declined 15.28% while stock markets rallied. The institutional investor held 1.13M shares of the industrial specialties company at the end of 2018Q2, valued at $138.32M, up from 1.08 million at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Polaris Industries for a number of months, seems to be bullish on the $6.67B market cap company. The stock decreased 0.57% or $0.61 during the last trading session, reaching $107.1. About 88,532 shares traded. Polaris Industries Inc. (NYSE:PII) has risen 9.49% since September 14, 2017 and is uptrending. It has underperformed by 6.13% the S&P500.

Confluence Investment Management Llc, which manages about $2.30B and $5.69 billion US Long portfolio, decreased its stake in S&P Midcap 400 Growth Index Fu (IJK) by 14,160 shares to 33,340 shares, valued at $7.49 million in 2018Q2, according to the filing. It also reduced its holding in Black Knight Inc by 68,861 shares in the quarter, leaving it with 2.16 million shares, and cut its stake in Discovery Communications Inc. (NASDAQ:DISCK).

Another recent and important Polaris Industries Inc. (NYSE:PII) news was published by Seekingalpha.com which published an article titled: “Polaris Industries to acquire WSI Industries” on September 06, 2018.

Polaris Industries Inc. (NYSE:PII) Ratings Coverage

Among 5 analysts covering Polaris Industries (NYSE:PII), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Polaris Industries had 11 analyst reports since April 9, 2018 according to SRatingsIntel. Wedbush maintained it with “Neutral” rating and $124 target in Thursday, May 31 report. The firm earned “Hold” rating on Thursday, May 31 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, April 12 report. The stock of Polaris Industries Inc. (NYSE:PII) earned “Hold” rating by Stifel Nicolaus on Thursday, July 26. The stock of Polaris Industries Inc. (NYSE:PII) has “Market Perform” rating given on Monday, April 9 by BMO Capital Markets. Stifel Nicolaus maintained Polaris Industries Inc. (NYSE:PII) on Wednesday, April 25 with “Hold” rating. On Monday, April 16 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by BMO Capital Markets on Friday, June 1 with “Market Perform”. As per Tuesday, April 24, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 17.

Polaris Industries Inc. (NYSE:PII) Institutional Positions Chart

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