PNC Financial Services Group Inc. decreased its position in shares of Polaris Industries Inc. (NYSE:PII) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,944 shares of the company’s stock after selling 2,484 shares during the period. PNC Financial Services Group Inc. owned 0.06% of Polaris Industries worth $3,431,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SNS Financial Group LLC increased its stake in shares of Polaris Industries by 20.3% in the first quarter. SNS Financial Group LLC now owns 10,684 shares of the company’s stock worth $895,000 after buying an additional 1,806 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of Polaris Industries during the first quarter worth $436,000. Teachers Advisors LLC increased its stake in shares of Polaris Industries by 7.2% in the first quarter. Teachers Advisors LLC now owns 57,930 shares of the company’s stock worth $4,855,000 after buying an additional 3,902 shares during the last quarter. Advantus Capital Management Inc increased its stake in shares of Polaris Industries by 1.4% in the first quarter. Advantus Capital Management Inc now owns 7,505 shares of the company’s stock worth $629,000 after buying an additional 100 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Polaris Industries by 13.3% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock worth $340,000 after buying an additional 478 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors.

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

Shares of Polaris Industries Inc. (NYSE:PII) traded down 0.64% during midday trading on Friday, reaching $86.68. The company’s stock had a trading volume of 813,661 shares. The company has a market cap of $5.46 billion, a P/E ratio of 34.40 and a beta of 1.27. The stock’s 50-day moving average price is $86.75 and its 200-day moving average price is $85.34. Polaris Industries Inc. has a 12-month low of $70.14 and a 12-month high of $99.00.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, April 25th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Polaris Industries had a return on equity of 25.64% and a net margin of 3.48%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, analysts expect that Polaris Industries Inc. will post $4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.68%. Polaris Industries’s dividend payout ratio (DPR) is presently 92.43%.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. Wedbush reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research report on Tuesday, June 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price objective on shares of Polaris Industries in a research report on Monday, June 5th. Finally, B. Riley reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Polaris Industries in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $84.38.

In related news, insider Matthew J. Homan sold 2,600 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total value of $226,096.00. Following the completion of the sale, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $84.07, for a total value of $420,350.00. Following the completion of the sale, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at $868,695.31. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

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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