Polaris Industries (NYSE:PII) was upgraded by Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, February 6th, Marketbeat Ratings reports.
Several other equities research analysts also recently commented on PII. Stifel Nicolaus raised their target price on Polaris Industries from $98.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada reiterated a “sell” rating and set a $81.00 target price on shares of Polaris Industries in a report on Friday, October 13th. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a report on Monday, October 23rd. BMO Capital Markets downgraded Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a report on Wednesday, October 25th. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $112.50.
Polaris Industries (PII) traded up $0.83 during midday trading on Tuesday, hitting $117.83. The stock had a trading volume of 431,223 shares, compared to its average volume of 850,957. The firm has a market cap of $7,270.00, a price-to-earnings ratio of 43.46, a P/E/G ratio of 1.24 and a beta of 1.27. Polaris Industries has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93.
In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of Polaris Industries 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 sale, the senior vice president now directly owns 22,664 shares in the company, valued at approximately $2,880,141.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries 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 in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,602 shares of company stock worth $2,741,836 over the last 90 days. 2.20% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Polaris Industries by 2.7% during the 4th quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after purchasing an additional 142,737 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Polaris Industries by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after purchasing an additional 202,244 shares during the last quarter. State Street Corp increased its holdings in Polaris Industries by 3.8% during the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Polaris Industries by 6.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after purchasing an additional 148,734 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Polaris Industries by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock worth $94,076,000 after purchasing an additional 42,596 shares during the last quarter. Institutional investors own 90.98% 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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