SG Americas Securities LLC lessened its holdings in shares of Polaris Industries Inc. (NYSE:PII) by 39.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,253 shares of the company’s stock after selling 8,739 shares during the period. SG Americas Securities LLC’s holdings in Polaris Industries were worth $1,338,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new stake in Polaris Industries during the 2nd quarter worth approximately $266,000. Janney Montgomery Scott LLC increased its stake in Polaris Industries by 28.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,877 shares of the company’s stock worth $352,000 after buying an additional 641 shares during the period. Dupont Capital Management Corp increased its stake in Polaris Industries by 12.6% during the 2nd quarter. Dupont Capital Management Corp now owns 10,133 shares of the company’s stock worth $1,238,000 after buying an additional 1,131 shares during the period. TD Asset Management Inc. increased its stake in Polaris Industries by 42.2% during the 2nd quarter. TD Asset Management Inc. now owns 9,906 shares of the company’s stock worth $1,210,000 after buying an additional 2,939 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Polaris Industries by 30.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,037 shares of the company’s stock worth $2,204,000 after buying an additional 4,221 shares during the period. Institutional investors own 82.23% of the company’s stock.

Shares of Polaris Industries stock opened at $90.79 on Friday. Polaris Industries Inc. has a 12-month low of $84.63 and a 12-month high of $137.66. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $5.66 billion, a PE ratio of 18.72, a P/E/G ratio of 0.93 and a beta of 1.03.

Polaris Industries (NYSE:PII) last issued its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that Polaris Industries Inc. will post 6.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, November 30th. Polaris Industries’s payout ratio is 49.48%.

Several research firms have commented on PII. Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Longbow Research reiterated a “hold” rating on shares of Polaris Industries in a report on Tuesday, October 23rd. BMO Capital Markets lowered their price target on shares of Polaris Industries from $110.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, October 24th. Royal Bank of Canada lowered their price target on shares of Polaris Industries to $96.00 and set a “sector perform” rating for the company in a report on Wednesday, October 17th. Finally, Robert W. Baird lowered their price target on shares of Polaris Industries from $125.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $111.23.

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About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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

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