Zacks Investment Research downgraded shares of Polaris Industries (NYSE:PII) from a buy rating to a hold rating in a research report sent to investors on Thursday, January 4th.

According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “

PII has been the topic of several other reports. B. Riley set a $91.00 target price on Polaris Industries and gave the company a hold rating in a research note on Monday, October 23rd. Northcoast Research reiterated a neutral rating on shares of Polaris Industries in a research note on Friday, October 6th. BMO Capital Markets boosted their price objective on Polaris Industries from $110.00 to $115.00 and gave the company an outperform rating in a research note on Friday, September 15th. Wells Fargo & Co reiterated a market perform rating and set a $115.00 price objective (up from $93.00) on shares of Polaris Industries in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a sell rating and set a $81.00 price objective on shares of Polaris Industries in a research note on Friday, October 13th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $112.00.

Shares of Polaris Industries (PII) traded down $14.77 on Thursday, hitting $119.47. The company’s stock had a trading volume of 945,992 shares, compared to its average volume of 550,558. The company has a market capitalization of $7,380.00, a price-to-earnings ratio of 37.57, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 52-week low of $77.91 and a 52-week high of $137.66.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. equities analysts forecast that Polaris Industries will post 4.85 EPS for the current year.

In related news, insider Stephen L. Eastman sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the transaction, the insider now directly owns 8,846 shares in the company, valued at $1,129,811.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,602 shares of company stock valued at $2,741,836. 2.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. IFG Advisory LLC purchased a new position in shares of Polaris Industries in the 4th quarter worth about $436,000. Morse Asset Management Inc boosted its holdings in shares of Polaris Industries by 5.1% in the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock worth $1,274,000 after purchasing an additional 500 shares in the last quarter. Arlington Partners LLC purchased a new position in shares of Polaris Industries in the 4th quarter worth about $583,000. Parsec Financial Management Inc. boosted its holdings in shares of Polaris Industries by 13.8% in the 4th quarter. Parsec Financial Management Inc. now owns 110,342 shares of the company’s stock worth $13,681,000 after purchasing an additional 13,385 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new position in shares of Polaris Industries in the 4th quarter worth about $560,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

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Polaris Industries Company Profile

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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