West Coast Financial LLC lifted its position in Polaris Industries Inc. (NYSE:PII) by 19.7% in the 1st quarter, HoldingsChannel reports. The fund owned 64,537 shares of the company’s stock after buying an additional 10,625 shares during the period. Polaris Industries accounts for 1.3% of West Coast Financial LLC’s portfolio, making the stock its 27th biggest position. West Coast Financial LLC’s holdings in Polaris Industries were worth $5,449,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in Polaris Industries by 68.1% in the fourth quarter. CWM LLC now owns 511 shares of the company’s stock valued at $39,000 after purchasing an additional 207 shares during the last quarter. Doyle Wealth Management purchased a new position in Polaris Industries in the fourth quarter valued at about $48,000. JNBA Financial Advisors purchased a new position in Polaris Industries in the fourth quarter valued at about $50,000. Claybrook Capital LLC purchased a new position in Polaris Industries in the fourth quarter valued at about $86,000. Finally, CX Institutional purchased a new position in Polaris Industries in the first quarter valued at about $142,000. Hedge funds and other institutional investors own 80.54% of the company’s stock.

In other Polaris Industries news, Director Kevin M. Farr purchased 1,125 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the completion of the purchase, the director now owns 15,604 shares of the company’s stock, valued at $1,382,358.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research note on Friday, March 29th. TheStreet lowered Polaris Industries from a “b-” rating to a “c+” rating in a research note on Friday, January 4th. Finally, ValuEngine lowered Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $104.17.

Shares of PII stock traded up $0.18 during trading hours on Monday, reaching $98.97. 705,765 shares of the company’s stock were exchanged, compared to its average volume of 681,479. Polaris Industries Inc. has a 1 year low of $70.27 and a 1 year high of $131.25. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.07 and a beta of 1.11. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.43 and a current ratio of 1.24.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.01. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. As a group, equities analysts forecast that Polaris Industries Inc. will post 6.17 earnings per share for the current year.

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Polaris Industries Company Profile

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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