Capital Investment Services of America Inc. decreased its stake in shares of Polaris Industries Inc. (NYSE:PII) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,975 shares of the company’s stock after selling 3,775 shares during the period. Capital Investment Services of America Inc. owned 0.12% of Polaris Industries worth $9,544,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PII. TD Asset Management Inc. purchased a new position in Polaris Industries during the third quarter worth $222,000. HighPoint Advisor Group LLC purchased a new position in Polaris Industries during the third quarter worth $230,000. Quantbot Technologies LP acquired a new stake in shares of Polaris Industries during the second quarter worth $243,000. Commerce Bank boosted its holdings in shares of Polaris Industries by 7.4% during the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock worth $256,000 after purchasing an additional 190 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Polaris Industries by 244.3% during the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after purchasing an additional 1,793 shares during the last quarter. 90.91% of the stock is owned by institutional investors.
Shares of Polaris Industries Inc. (NYSE PII) traded up $0.47 during trading on Tuesday, reaching $130.03. The company had a trading volume of 352,700 shares, compared to its average volume of 536,989. Polaris Industries Inc. has a 52-week low of $77.91 and a 52-week high of $134.66. The firm has a market capitalization of $7,990.00, a PE ratio of 40.89, a P/E/G ratio of 1.53 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 (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
In other Polaris Industries news, SVP Stacy L. Bogart sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.05, for a total value of $2,441,000.00. Following the transaction, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at $3,780,498.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the transaction, the insider now directly owns 18,846 shares in the company, valued at $2,247,385.50. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock worth $7,174,301 in the last quarter. 2.20% of the stock is owned by insiders.
PII has been the topic of several analyst reports. Stifel Nicolaus restated a “hold” rating and set a $98.00 price objective (up previously from $87.00) on shares of Polaris Industries in a report on Monday, September 18th. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, September 22nd. Royal Bank of Canada restated a “sell” rating and set a $80.00 price objective on shares of Polaris Industries in a report on Tuesday, October 3rd. KeyCorp restated a “hold” rating on shares of Polaris Industries in a report on Wednesday, October 4th. Finally, Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. Polaris Industries has a consensus rating of “Hold” and an average target price of $102.20.
About Polaris Industries
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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