Taylor Hoffman Wealth Management trimmed its stake in Polaris Industries Inc. (NYSE:PII) by 66.3% in the first quarter, HoldingsChannel.com reports. The firm owned 6,754 shares of the company’s stock after selling 13,317 shares during the period. Taylor Hoffman Wealth Management’s holdings in Polaris Industries were worth $570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PII. Oregon Public Employees Retirement Fund increased its holdings in Polaris Industries by 9,905.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock valued at $30,000 after purchasing an additional 2,306,710 shares during the period. Norges Bank acquired a new stake in Polaris Industries in the fourth quarter valued at $40,634,000. Van ECK Associates Corp acquired a new stake in Polaris Industries in the fourth quarter valued at $20,060,000. Bank of New York Mellon Corp increased its holdings in Polaris Industries by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 916,348 shares of the company’s stock valued at $70,266,000 after purchasing an additional 136,702 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. acquired a new stake in Polaris Industries in the first quarter valued at $11,346,000. Institutional investors and hedge funds own 80.71% of the company’s stock.

A number of research firms recently weighed in on PII. Royal Bank of Canada increased their price objective on Polaris Industries to $102.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Wedbush upgraded Polaris Industries from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $101.00 to $117.00 in a report on Thursday, May 2nd. Goldman Sachs Group began coverage on Polaris Industries in a report on Wednesday, April 24th. They issued a “buy” rating and a $123.00 price objective for the company. TheStreet upgraded Polaris Industries from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Finally, Wells Fargo & Co increased their price objective on Polaris Industries from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and a consensus target price of $110.38.

Polaris Industries stock traded down $0.41 during trading hours on Friday, reaching $86.06. 6,536 shares of the company’s stock were exchanged, compared to its average volume of 720,911. The company has a current ratio of 1.31, a quick ratio of 0.39 and a debt-to-equity ratio of 2.40. Polaris Industries Inc. has a twelve month low of $70.27 and a twelve month high of $131.25. The company has a market cap of $5.29 billion, a P/E ratio of 13.13, a PEG ratio of 0.97 and a beta of 1.17.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $1.08 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. Equities research analysts forecast that Polaris Industries Inc. will post 6.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 2.84%. Polaris Industries’s payout ratio is currently 37.20%.

In other news, insider Stephen L. Eastman sold 8,028 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total transaction of $786,503.16. Following the transaction, the insider now owns 17,706 shares of the company’s stock, valued at approximately $1,734,656.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Farr acquired 1,125 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were bought at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the transaction, the director now directly owns 15,604 shares in the company, valued at $1,382,358.36. The disclosure for this purchase can be found here. Company insiders own 2.90% of the company’s stock.

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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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