Benjamin F. Edwards & Company Inc. lessened its holdings in Polaris Industries Inc. (NYSE:PII) by 10.8% during the 4th quarter, Holdings Channel reports. The firm owned 10,065 shares of the company’s stock after selling 1,214 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Polaris Industries were worth $1,248,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. HighPoint Advisor Group LLC bought a new position in shares of Polaris Industries in the 3rd quarter valued at about $230,000. TD Asset Management Inc. bought a new position in shares of Polaris Industries in the 3rd quarter valued at about $222,000. Toronto Dominion Bank boosted its stake in shares of Polaris Industries by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock valued at $264,000 after purchasing an additional 1,793 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Polaris Industries in the 2nd quarter valued at about $243,000. Finally, Advisory Services Network LLC boosted its stake in shares of Polaris Industries by 7.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after purchasing an additional 193 shares during the last quarter. 90.91% of the stock is currently owned by institutional investors.
Shares of Polaris Industries Inc. (NYSE PII) opened at $132.26 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market cap of $8,270.00, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $134.66.
In other news, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction that occurred on 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 sale, the insider now directly owns 18,846 shares in the company, valued at $2,247,385.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the completion of the sale, the senior vice president now owns 30,975 shares in the company, valued at $3,780,498.75. The disclosure for this sale can be found here. Insiders have sold a total of 58,102 shares of company stock worth $7,174,301 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.
Several research analysts recently weighed in on the stock. Stephens reissued a “hold” rating and set a $133.00 price objective on shares of Polaris Industries in a research note on Friday. SunTrust Banks reissued 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. Robert W. Baird lifted their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. B. Riley lifted their price objective on shares of Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Longbow Research raised shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and an average target price of $104.13.
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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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