Hendershot Investments Inc. lowered its position in Polaris Industries Inc. (NYSE:PII) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,836 shares of the company’s stock after selling 435 shares during the period. Polaris Industries comprises approximately 1.5% of Hendershot Investments Inc.’s holdings, making the stock its 29th largest position. Hendershot Investments Inc.’s holdings in Polaris Industries were worth $3,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PII. Franklin Resources Inc. purchased a new stake in Polaris Industries in the 2nd quarter worth $390,000. Riverhead Capital Management LLC lifted its stake in Polaris Industries by 74.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,361 shares of the company’s stock worth $402,000 after purchasing an additional 1,861 shares in the last quarter. Teachers Advisors LLC lifted its stake in Polaris Industries by 4.9% in the 2nd quarter. Teachers Advisors LLC now owns 60,770 shares of the company’s stock worth $5,605,000 after purchasing an additional 2,840 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Polaris Industries by 17.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 247,381 shares of the company’s stock worth $22,797,000 after purchasing an additional 37,251 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Polaris Industries by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 99,005 shares of the company’s stock worth $9,131,000 after purchasing an additional 834 shares in the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.

Several analysts have commented on PII shares. Wedbush reiterated a “neutral” rating and issued a $119.00 price target (up previously from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus boosted their price target on shares of Polaris Industries from $98.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, October 12th. Royal Bank of Canada boosted their price target on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird boosted their price target on shares of Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Sixteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $108.31.

In related news, SVP Stacy L. Bogart sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the transaction, the senior vice president now directly owns 30,975 shares in the company, valued at approximately $3,780,498.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Dougherty sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $122.23, for a total transaction of $977,840.00. Following the transaction, the insider now owns 13,113 shares in the company, valued at $1,602,801.99. The disclosure for this sale can be found here. Insiders have sold a total of 58,102 shares of company stock worth $7,174,301 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Shares of Polaris Industries Inc. (NYSE:PII) traded up $2.44 during midday trading on Monday, hitting $134.70. 465,200 shares of the stock traded hands, compared to its average volume of 536,008. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The stock has a market cap of $8,360.00, a PE ratio of 42.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week high of $135.18.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. equities analysts forecast that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.

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About Polaris Industries

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

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