AGF Investments Inc. raised its position in Polaris Industries Inc. (NYSE:PII) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,229 shares of the company’s stock after purchasing an additional 4,229 shares during the quarter. AGF Investments Inc.’s holdings in Polaris Industries were worth $9,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in shares of Polaris Industries by 6.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after purchasing an additional 148,734 shares during the period. Bank of New York Mellon Corp increased its position in shares of Polaris Industries by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock valued at $94,076,000 after acquiring an additional 42,596 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Polaris Industries by 28.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,963 shares of the company’s stock valued at $49,432,000 after acquiring an additional 119,645 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Polaris Industries by 13.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock valued at $43,330,000 after acquiring an additional 42,094 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Polaris Industries by 0.9% in the third quarter. Legal & General Group Plc now owns 298,548 shares of the company’s stock valued at $31,237,000 after acquiring an additional 2,750 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the completion of the sale, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen L. Eastman sold 1,500 shares of the business’s stock in a transaction that occurred on 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 owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold 21,602 shares of company stock valued at $2,741,836 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the company. Royal Bank of Canada raised Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 target price on the stock in a research report on Monday, January 22nd. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a research report on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $105.00 target price on shares of Polaris Industries in a research report on Wednesday, January 31st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $144.00 target price (up previously from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $112.50.

Polaris Industries Inc. (PII) opened at $117.00 on Thursday. Polaris Industries Inc. has a 1-year low of $77.91 and a 1-year high of $137.66. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7,097.30, a PE ratio of 23.45, a P/E/G ratio of 1.24 and a beta of 1.27.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.05%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is presently 86.25%.

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Polaris Industries 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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