Bank of New York Mellon Corp boosted its stake in Polaris Industries Inc. (NYSE:PII) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031,067 shares of the company’s stock after acquiring an additional 23,587 shares during the period. Bank of New York Mellon Corp owned 1.68% of Polaris Industries worth $49,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PII. First Trust Advisors LP raised its holdings in Polaris Industries by 115.7% in the first quarter. First Trust Advisors LP now owns 18,030 shares of the company’s stock valued at $1,522,000 after acquiring an additional 9,673 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Polaris Industries by 51.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,879 shares of the company’s stock valued at $9,242,000 after acquiring an additional 30,876 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Polaris Industries by 1,480.7% in the fourth quarter. NEXT Financial Group Inc now owns 2,371 shares of the company’s stock valued at $241,000 after acquiring an additional 2,221 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Polaris Industries by 179.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 8,775 shares of the company’s stock valued at $892,000 after acquiring an additional 5,634 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in Polaris Industries by 1.2% in the fourth quarter. State of Michigan Retirement System now owns 16,900 shares of the company’s stock valued at $1,719,000 after acquiring an additional 200 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Polaris Industries from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. SunTrust Banks boosted their target price on shares of Polaris Industries from $56.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Wolfe Research assumed coverage on shares of Polaris Industries in a research note on Friday, April 17th. They set an “outperform” rating and a $65.00 target price for the company. Royal Bank of Canada reiterated a “hold” rating and set a $64.00 target price on shares of Polaris Industries in a research note on Wednesday, March 18th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $95.00 target price on shares of Polaris Industries in a research note on Tuesday, March 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $77.69.

Polaris Industries stock opened at $83.72 on Friday. The company has a 50-day simple moving average of $62.54 and a 200-day simple moving average of $83.00. The firm has a market capitalization of $5.06 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.96 and a beta of 2.05. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.50 and a current ratio of 1.31. Polaris Industries Inc. has a one year low of $37.35 and a one year high of $104.37.

Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.33). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. Polaris Industries had a return on equity of 33.41% and a net margin of 4.04%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. As a group, sell-side analysts forecast that Polaris Industries Inc. will post 3.5 earnings per share for the current year.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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

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