BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in Polaris Industries Inc. (NYSE:PII) by 66.9% in the third quarter, HoldingsChannel.com reports. The fund owned 13,270 shares of the company’s stock after selling 26,840 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Polaris Industries were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the business. Columbia Asset Management acquired a new position in shares of Polaris Industries during the 3rd quarter worth about $164,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Polaris Industries during the 2nd quarter worth about $203,000. Engineers Gate Manager LP acquired a new position in shares of Polaris Industries during the 2nd quarter worth about $208,000. Ridgewood Investments LLC acquired a new position in shares of Polaris Industries during the 2nd quarter worth about $226,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of Polaris Industries during the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 82.20% of the company’s stock.

Shares of NYSE PII opened at $78.21 on Tuesday. Polaris Industries Inc. has a 12-month low of $77.31 and a 12-month high of $137.66. The stock has a market cap of $4.90 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.19 and a quick ratio of 0.40.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned $1.46 EPS. Polaris Industries’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Polaris Industries Inc. will post 6.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 3.07%. Polaris Industries’s dividend payout ratio (DPR) is 49.48%.

Several research firms recently weighed in on PII. Wells Fargo & Co reduced their price target on shares of Polaris Industries from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. SunTrust Banks reduced their price target on shares of Polaris Industries to $100.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Longbow Research reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Tuesday, October 23rd. B. Riley raised shares of Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Tuesday, October 23rd. Finally, Raymond James raised shares of Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Polaris Industries presently has an average rating of “Hold” and an average target price of $109.15.

TRADEMARK VIOLATION NOTICE: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.34 Million Holdings in Polaris Industries Inc. (PII)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.dailypolitical.com/2018/12/18/british-columbia-investment-management-corp-has-1-34-million-holdings-in-polaris-industries-inc-pii.html.

Polaris Industries 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.

Featured Story: Put Option

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Industries Inc. (NYSE:PII).

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

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.