Shares of Polaris Industries Inc. (NYSE:PII) saw strong trading volume on Wednesday . 922,276 shares were traded during trading, an increase of 22% from the previous session’s volume of 758,450 shares.The stock last traded at $85.98 and had previously closed at $88.87.

Several analysts have recently weighed in on the company. Northcoast Research cut Polaris Industries from a “buy” rating to a “neutral” rating in a report on Wednesday. Citigroup Inc. boosted their price target on Polaris Industries from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday. TheStreet upgraded Polaris Industries from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Wedbush restated a “neutral” rating and set a $88.00 price target on shares of Polaris Industries in a report on Wednesday, August 10th. Finally, RBC Capital Markets restated a “hold” rating and set a $88.00 price target on shares of Polaris Industries in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $91.87.

The company’s 50 day moving average price is $93.01 and its 200-day moving average price is $90.73. The company has a market capitalization of $5.55 billion and a price-to-earnings ratio of 14.96.

Polaris Industries (NYSE:PII) last posted its earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. During the same period in the prior year, the firm earned $1.49 earnings per share. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. The business’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Polaris Industries Inc. will post $6.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, August 30th.

A hedge fund recently raised its stake in Polaris Industries stock. Bank of Montreal Can boosted its position in Polaris Industries Inc. (NYSE:PII) by 271.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,781 shares of the company’s stock after buying an additional 8,608 shares during the period. Bank of Montreal Can’s holdings in Polaris Industries were worth $1,013,000 at the end of the most recent reporting period.

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.