Polaris Industries Inc. (PII) Shares Sold by ICON Advisers

ICON Advisers reduced its position in shares of Polaris Industries Inc. (NYSE:PII) by 14.4% during the third quarter, according to its most recent filing with the SEC. The hedge fund owned 35,160 shares of the company’s stock after selling 5,900 shares during the period. ICON Advisers owned approximately 0.05% of Polaris Industries worth $4,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PII. MUFG Americas boosted its position in Polaris Industries by 0.8% in the third quarter. MUFG Americas now owns 636 shares of the company’s stock worth $76,000 after buying an additional 5 shares in the last quarter. Osborn Rohs Williams & Donohoe purchased a new position in Polaris Industries during the fourth quarter worth approximately $659,000. Pensionfund Sabic purchased a new position in Polaris Industries during the fourth quarter worth approximately $1,031,000. Pensionfund DSM Netherlands purchased a new position in Polaris Industries during the fourth quarter worth approximately $2,063,000. Finally, EQIS Capital Management boosted its position in Polaris Industries by 131.2% in the fourth quarter. EQIS Capital Management now owns 36,085 shares of the company’s stock worth $3,102,000 after buying an additional 20,476 shares in the last quarter.

Polaris Industries Inc. (NYSE:PII) traded up 1.34% during mid-day trading on Friday, hitting $81.95. 1,203,324 shares of the stock were exchanged. The company’s 50-day moving average price is $86.76 and its 200 day moving average price is $116.32. The firm has a market capitalization of $5.37 billion and a price-to-earnings ratio of 11.61. Polaris Industries Inc. has a 52 week low of $76.65 and a 52 week high of $158.24.

A number of research firms recently commented on PII. Northcoast Research began coverage on Polaris Industries in a research note on Monday, October 12th. They issued a “buy” rating on the stock. B. Riley reissued a “buy” rating and issued a $160.00 target price on shares of Polaris Industries in a research note on Tuesday, October 20th. TheStreet cut Polaris Industries to a “hold” rating in a research note on Wednesday, January 6th. BMO Capital Markets reduced their target price on Polaris Industries from $140.00 to $115.00 and set a “market perform” rating on the stock in a research note on Friday, October 23rd. Finally, Zacks Investment Research raised Polaris Industries from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $146.73.

In other Polaris Industries news, insider David C. Longren sold 2,500 shares of Polaris Industries stock in a transaction on Friday, November 27th. The shares were sold at an average price of $105.76, for a total value of $264,400.00. Following the sale, the insider now directly owns 21,255 shares in the company, valued at approximately $2,247,928.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Polaris Industries Inc. (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States, Canada and Europe. The Company’s ORVs include core ATVs, and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles, consisting of 32 models, ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory, Indian motorcycles and three-wheel roadster motorcycle, Slingshot. The Company offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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Polaris Industries Inc. (PII) Shares Sold by ICON Advisers