Polaris Industries Inc. (NYSE:PII)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $99.52 and last traded at $99.49, with a volume of 1,277,469 shares changing hands. The stock had previously closed at $96.69.

Several equities analysts recently weighed in on the company. B. Riley reiterated a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. Royal Bank Of Canada downgraded Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Friday, July 21st. Aegis reiterated a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research report on Thursday, August 17th. Finally, Longbow Research reiterated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $86.87.

The stock has a market cap of $6.17 billion, a PE ratio of 41.23 and a beta of 1.30. The stock has a 50 day moving average of $91.77 and a 200 day moving average of $87.78.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion for 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%. Polaris Industries’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. Equities analysts anticipate that Polaris Industries Inc. will post $4.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio is presently 97.07%.

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

A number of institutional investors have recently modified their holdings of PII. Macquarie Group Ltd. lifted its stake in Polaris Industries by 150.0% in the 4th quarter. Macquarie Group Ltd. now owns 3,500 shares of the company’s stock valued at $288,000 after buying an additional 2,100 shares in the last quarter. Bank of Montreal Can lifted its stake in Polaris Industries by 0.7% in the 1st quarter. Bank of Montreal Can now owns 22,290 shares of the company’s stock valued at $1,869,000 after buying an additional 154 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Polaris Industries by 149.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,486 shares of the company’s stock valued at $627,000 after buying an additional 4,491 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp lifted its stake in Polaris Industries by 15.3% in the 1st quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,754 shares of the company’s stock valued at $566,000 after buying an additional 895 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Polaris Industries by 63.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,710 shares of the company’s stock valued at $562,000 after buying an additional 2,600 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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