JLB & Associates Inc. Sells 2,200 Shares of Polaris Industries Inc. (NYSE:PII)

JLB & Associates Inc. cut its stake in Polaris Industries Inc. (NYSE:PII) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,773 shares of the company’s stock after selling 2,200 shares during the quarter. JLB & Associates Inc. owned 0.08% of Polaris Industries worth $4,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PII. Fisher Asset Management LLC purchased a new stake in Polaris Industries in the 2nd quarter valued at $37,933,000. Alyeska Investment Group L.P. raised its holdings in shares of Polaris Industries by 335.4% in the second quarter. Alyeska Investment Group L.P. now owns 507,876 shares of the company’s stock valued at $47,004,000 after purchasing an additional 391,222 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Polaris Industries during the second quarter valued at about $31,478,000. Silver Heights Capital Management Inc purchased a new position in Polaris Industries during the second quarter worth about $29,667,000. Finally, Holocene Advisors LP grew its position in Polaris Industries by 1,379.3% in the 2nd quarter. Holocene Advisors LP now owns 287,249 shares of the company’s stock worth $26,585,000 after purchasing an additional 267,831 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

PII has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on Polaris Industries from $67.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Wedbush upped their price objective on Polaris Industries from $106.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Lake Street Capital lifted their target price on Polaris Industries from $107.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Robert W. Baird upgraded shares of Polaris Industries from a “neutral” rating to an “outperform” rating and set a $122.00 price target for the company in a research report on Monday, October 5th. Finally, Raymond James lifted their price objective on shares of Polaris Industries from $114.00 to $127.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $101.13.

In related news, SVP Dougherty Lucy Clark sold 4,218 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $107.00, for a total transaction of $451,326.00. Following the sale, the senior vice president now owns 23,773 shares of the company’s stock, valued at approximately $2,543,711. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Musso sold 3,773 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $106.00, for a total transaction of $399,938.00. Following the completion of the sale, the senior vice president now owns 31,374 shares in the company, valued at $3,325,644. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,016 shares of company stock worth $18,084,614. Company insiders own 3.20% of the company’s stock.

Polaris Industries stock traded down $1.23 during mid-day trading on Friday, reaching $96.05. The company’s stock had a trading volume of 432,950 shares, compared to its average volume of 949,414. The firm’s fifty day moving average price is $96.30 and its two-hundred day moving average price is $87.35. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.45 and a current ratio of 0.99. Polaris Industries Inc. has a 12-month low of $37.35 and a 12-month high of $110.30. The company has a market capitalization of $5.89 billion, a P/E ratio of -105.55 and a beta of 2.12.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.70. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Polaris Industries had a positive return on equity of 32.38% and a negative net margin of 0.83%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 earnings per share. On average, research analysts predict that Polaris Industries Inc. will post 6.58 EPS for the current fiscal year.

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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