State Treasurer State of Michigan lessened its position in Polaris Industries Inc. (NYSE:PII) by 4.6% during the fourth quarter, Holdings Channel reports. The fund owned 20,900 shares of the company’s stock after selling 1,000 shares during the period. State Treasurer State of Michigan’s holdings in Polaris Industries were worth $2,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC bought a new position in Polaris Industries in the third quarter valued at $230,000. TD Asset Management Inc. bought a new position in Polaris Industries in the third quarter valued at $222,000. Toronto Dominion Bank increased its stake in Polaris Industries by 244.3% in the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock valued at $264,000 after acquiring an additional 1,793 shares during the last quarter. Advisory Services Network LLC increased its stake in Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after acquiring an additional 193 shares during the last quarter. Finally, Tredje AP fonden increased its stake in Polaris Industries by 179.8% in the third quarter. Tredje AP fonden now owns 3,330 shares of the company’s stock valued at $348,000 after acquiring an additional 2,140 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Polaris Industries Inc. (PII) opened at $111.91 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The stock has a market capitalization of $6,999.08, a PE ratio of 23.12, a PEG ratio of 1.22 and a beta of 1.27. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $137.66.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. Polaris Industries’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. sell-side analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.60 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 2.14%. Polaris Industries’s dividend payout ratio (DPR) is presently 86.25%.

A number of research analysts recently commented on PII shares. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Saturday, January 20th. Citigroup reduced their target price on Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a research note on Monday, October 23rd. Stephens set a $133.00 target price on Polaris Industries and gave the company a “hold” rating in a research note on Friday, January 19th. Finally, SunTrust Banks reissued a “hold” rating and issued a $115.00 target price on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus target price of $112.50.

In related news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now directly owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the completion of the sale, the senior vice president now directly owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders sold 21,602 shares of company stock worth $2,741,836 over the last three months. 2.20% of the stock is owned by insiders.

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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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