GW&K Investment Management LLC boosted its stake in Polaris Industries Inc. (NYSE:PII) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 173,820 shares of the company’s stock after acquiring an additional 924 shares during the quarter. GW&K Investment Management LLC’s holdings in Polaris Industries were worth $21,552,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Polaris Industries by 6.1% in the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after purchasing an additional 323,616 shares during the period. The Manufacturers Life Insurance Company grew its stake in Polaris Industries by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after buying an additional 572,461 shares during the period. State Street Corp grew its stake in Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after buying an additional 161,055 shares during the period. Janus Henderson Group PLC grew its stake in Polaris Industries by 6.2% during the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after buying an additional 148,734 shares during the period. Finally, FMR LLC grew its stake in Polaris Industries by 3.2% during the second quarter. FMR LLC now owns 1,712,891 shares of the company’s stock worth $157,980,000 after buying an additional 53,744 shares during the period. Hedge funds and other institutional investors own 90.91% of the company’s stock.

Several research firms have issued reports on PII. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Saturday. Stephens set a $133.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a research note on Friday. Longbow Research upgraded shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and set a $119.00 price objective (up from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Finally, SunTrust Banks reiterated a “hold” rating and set a $115.00 price objective on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $106.06.

Polaris Industries Inc. (NYSE PII) opened at $134.70 on Friday. The firm has a market cap of $8,420.00, a price-to-earnings ratio of 42.36, a PEG ratio of 1.54 and a beta of 1.40. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. 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 for the quarter, beating the consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. analysts anticipate that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.

In other news, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now directly owns 8,846 shares in the company, valued at $1,129,811.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the completion of the transaction, the insider now owns 18,846 shares of the company’s stock, valued at $2,247,385.50. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock valued at $7,174,301 over the last 90 days. Insiders own 2.20% of the company’s stock.

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

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