Capital Investment Services of America Inc. lessened its position in shares of Polaris Industries Inc. (NYSE:PII) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 76,975 shares of the company’s stock after selling 3,775 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Polaris Industries were worth $9,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. TLP Group LLC grew its position in Polaris Industries by 1.7% during the second quarter. TLP Group LLC now owns 4,475 shares of the company’s stock valued at $413,000 after acquiring an additional 75 shares during the period. Security National Bank of Sioux City Iowa IA grew its position in Polaris Industries by 1.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock valued at $706,000 after acquiring an additional 95 shares during the period. Stephens Inc. AR grew its position in Polaris Industries by 1.1% during the second quarter. Stephens Inc. AR now owns 10,304 shares of the company’s stock valued at $950,000 after acquiring an additional 109 shares during the period. M&T Bank Corp grew its position in Polaris Industries by 1.2% during the second quarter. M&T Bank Corp now owns 10,129 shares of the company’s stock valued at $933,000 after acquiring an additional 116 shares during the period. Finally, Commerce Bank grew its position in Polaris Industries by 7.4% during the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock valued at $256,000 after acquiring an additional 190 shares during the period. 90.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Polaris Industries Inc. (NYSE:PII) traded down $1.00 on Tuesday, hitting $127.00. The company’s stock had a trading volume of 284,253 shares, compared to its average volume of 571,780. The firm has a market capitalization of $8,040.00, a PE ratio of 39.94, a PEG ratio of 1.48 and a beta of 1.40. Polaris Industries Inc. has a 12 month low of $77.91 and a 12 month high of $134.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. analysts predict that Polaris Industries Inc. will post 4.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, November 30th. Polaris Industries’s dividend payout ratio is presently 72.96%.

In related news, insider Michael D. Dougherty sold 8,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total value of $977,840.00. Following the transaction, the insider now owns 13,113 shares in the company, valued at $1,602,801.99. The transaction was disclosed in a legal 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 dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares in the company, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,102 shares of company stock worth $7,174,301. 2.20% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on the company. SunTrust Banks reissued a “hold” rating and set a $115.00 price target on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating and set a $98.00 price target (up previously from $87.00) on shares of Polaris Industries in a research report on Monday, September 18th. Robert W. Baird boosted their price target on Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. B. Riley boosted their price target on Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada boosted their price target on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. Polaris Industries has a consensus rating of “Hold” and an average price target of $102.20.

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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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Institutional Ownership by Quarter for Polaris Industries (NYSE:PII)

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