Virginia Retirement Systems ET AL cut its stake in shares of Polaris Industries Inc. (NYSE:PII) by 28.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,700 shares of the company’s stock after selling 29,100 shares during the period. Virginia Retirement Systems ET AL owned about 0.11% of Polaris Industries worth $5,552,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WFG Advisors LP increased its position in shares of Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock valued at $104,000 after buying an additional 92 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Polaris Industries by 114.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the company’s stock valued at $123,000 after buying an additional 800 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Polaris Industries during the second quarter valued at $136,000. Tredje AP fonden increased its position in shares of Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock valued at $158,000 after buying an additional 1,570 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Polaris Industries by 46.5% in the second quarter. Advisory Services Network LLC now owns 2,175 shares of the company’s stock valued at $178,000 after buying an additional 690 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 86.32 on Friday. The stock’s 50 day moving average price is $84.57 and its 200 day moving average price is $84.19. The stock has a market capitalization of $5.53 billion, a P/E ratio of 21.74 and a beta of 1.25. Polaris Industries Inc. has a one year low of $67.80 and a one year high of $104.25.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 25th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $317.71 million. Polaris Industries had a return on equity of 27.74% and a net margin of 5.93%. Polaris Industries’s revenue was down 18.6% on a year-over-year basis. During the same quarter last year, the company earned $2.30 EPS. On average, analysts forecast that Polaris Industries Inc. will post $3.47 EPS for the current year.
Several analysts have commented on PII shares. Stifel Nicolaus lifted their price target on Polaris Industries to $85.00 in a report on Friday. Wedbush set a $77.00 target price on Polaris Industries and gave the stock a “hold” rating in a report on Thursday, October 13th. Jefferies Group initiated coverage on Polaris Industries in a report on Friday, September 30th. They set a “hold” rating and a $69.00 target price for the company. Wells Fargo & Co. reiterated a “hold” rating on shares of Polaris Industries in a report on Monday, September 26th. Finally, Zacks Investment Research upgraded Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.31.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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