State of Alaska Department of Revenue lifted its position in shares of Polaris Industries Inc. (NYSE:PII) by 68.0% during the third quarter, HoldingsChannel.com reports. The firm owned 19,384 shares of the company’s stock after acquiring an additional 7,844 shares during the period. State of Alaska Department of Revenue’s holdings in Polaris Industries were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Polaris Industries during the 3rd quarter worth approximately $362,000. Royal London Asset Management Ltd. acquired a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $2,953,000. Northern Trust Corp grew its stake in shares of Polaris Industries by 0.8% during the 2nd quarter. Northern Trust Corp now owns 517,089 shares of the company’s stock worth $63,177,000 after purchasing an additional 4,245 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Polaris Industries by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 826,713 shares of the company’s stock worth $101,007,000 after purchasing an additional 5,597 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $957,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Polaris Industries stock opened at $94.22 on Thursday. Polaris Industries Inc. has a 1 year low of $92.18 and a 1 year high of $137.66. The firm has a market capitalization of $6.28 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.03 and a beta of 0.92. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.44 and a current ratio of 1.27.

Polaris Industries (NYSE:PII) last released its quarterly earnings results on Wednesday, July 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.14. Polaris Industries had a net margin of 4.58% and a return on equity of 40.51%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that Polaris Industries Inc. will post 6.54 EPS for the current year.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price objective on shares of Polaris Industries in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Royal Bank of Canada dropped their price target on shares of Polaris Industries to $96.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $125.00 price target on shares of Polaris Industries in a research note on Thursday, July 26th. Finally, ValuEngine cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $115.08.

In other news, CEO Scott W. Wine acquired 3,000 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of $104.09 per share, for a total transaction of $312,270.00. Following the acquisition, the chief executive officer now owns 335,154 shares of the company’s stock, valued at approximately $34,886,179.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George W. Bilicic acquired 1,195 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was purchased at an average price of $104.61 per share, for a total transaction of $125,008.95. Following the acquisition, the director now directly owns 6,239 shares in the company, valued at approximately $652,661.79. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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

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