Longbow Research upgraded shares of Polaris Industries (NYSE:PII) from an underperform rating to a neutral rating in a report released on Wednesday morning, Marketbeat reports.
A number of other research firms also recently commented on PII. Zacks Investment Research downgraded shares of Polaris Industries from a buy rating to a hold rating in a research note on Thursday, January 4th. Wedbush reaffirmed a neutral rating and set a $119.00 price objective (up previously from $112.00) on shares of Polaris Industries in a research note on Wednesday, January 3rd. Stifel Nicolaus upped their price objective on shares of Polaris Industries from $100.00 to $108.00 and gave the company a hold rating in a research note on Wednesday, October 25th. Royal Bank of Canada increased their target price on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co reissued a market perform rating and set a $115.00 target price (up previously from $93.00) on shares of Polaris Industries in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $106.06.
Polaris Industries (NYSE:PII) traded up $2.44 during midday trading on Wednesday, hitting $134.70. 465,225 shares of the stock were exchanged, compared to its average volume of 623,566. Polaris Industries has a one year low of $77.91 and a one year high of $135.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $8,420.00, a P/E ratio of 42.36, a P/E/G ratio of 1.54 and a beta of 1.40.
In related news, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the sale, the insider now owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the completion of the sale, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,102 shares of company stock valued at $7,174,301. Corporate insiders own 2.20% of the company’s stock.
A number of large investors have recently modified their holdings of PII. TD Asset Management Inc. bought a new position in Polaris Industries in the 3rd quarter worth approximately $222,000. HighPoint Advisor Group LLC acquired a new position in Polaris Industries in the third quarter worth $230,000. Quantbot Technologies LP acquired a new position in Polaris Industries in the second quarter worth $243,000. Toronto Dominion Bank boosted its stake in Polaris Industries by 244.3% in the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after purchasing an additional 193 shares in the last quarter. 90.91% of the stock is owned by institutional investors.
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About Polaris Industries
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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