Raymond James Trust N.A. Sells 2,720 Shares of Polaris Industries Inc. (PII)

Raymond James Trust N.A. cut its stake in shares of Polaris Industries Inc. (NYSE:PII) by 39.0% during the 1st quarter, HoldingsChannel reports. The fund owned 4,252 shares of the company’s stock after selling 2,720 shares during the period. Raymond James Trust N.A.’s holdings in Polaris Industries were worth $359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC raised its position in shares of Polaris Industries by 68.1% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of Polaris Industries in the 4th quarter valued at approximately $48,000. JNBA Financial Advisors acquired a new position in shares of Polaris Industries in the 4th quarter valued at approximately $50,000. Claybrook Capital LLC acquired a new position in shares of Polaris Industries in the 4th quarter valued at approximately $86,000. Finally, CX Institutional acquired a new position in shares of Polaris Industries in the 1st quarter valued at approximately $142,000. 80.54% of the stock is currently owned by institutional investors.

PII stock opened at $98.79 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.43 and a debt-to-equity ratio of 2.19. The company has a market cap of $6.02 billion, a P/E ratio of 15.15, a PEG ratio of 1.07 and a beta of 1.11. Polaris Industries Inc. has a 12-month low of $70.27 and a 12-month high of $131.25.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. Sell-side analysts expect that Polaris Industries Inc. will post 6.17 earnings per share for the current year.

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

In other news, Director Kevin M. Farr purchased 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were acquired at an average cost of $88.59 per share, with a total value of $99,663.75. Following the transaction, the director now owns 15,604 shares in the company, valued at approximately $1,382,358.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.

Further Reading: Book Value Per Share in Stock Trading

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

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