Robeco Institutional Asset Management B.V. lowered its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,311 shares of the company’s stock after selling 804 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Polaris Industries were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. IFP Advisors Inc raised its stake in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after acquiring an additional 13 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after acquiring an additional 14 shares in the last quarter. CAPROCK Group Inc. raised its stake in Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock valued at $460,000 after acquiring an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock valued at $786,000 after acquiring an additional 35 shares in the last quarter. Finally, AMG Funds LLC raised its stake in Polaris Industries by 0.4% during the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock valued at $1,089,000 after acquiring an additional 42 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages have weighed in on PII. B. Riley lifted their target price on Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their price objective on Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on Polaris Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada boosted their price objective on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.27.

In related news, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. Insiders have sold a total of 41,750 shares of company stock worth $4,921,975 in the last ninety days. 2.20% of the stock is currently owned by company insiders.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $0.50 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.

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

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