Nisa Investment Advisors LLC Sells 7,421 Shares of Polaris Inc. $PII

Nisa Investment Advisors LLC decreased its position in shares of Polaris Inc. (NYSE:PII) by 66.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,735 shares of the company’s stock after selling 7,421 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Polaris were worth $152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Select Equity Group L.P. boosted its stake in Polaris by 142.1% during the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after acquiring an additional 951,195 shares during the last quarter. American Century Companies Inc. boosted its stake in Polaris by 7.2% during the 1st quarter. American Century Companies Inc. now owns 1,067,476 shares of the company’s stock worth $43,702,000 after acquiring an additional 71,604 shares during the last quarter. Invesco Ltd. boosted its stake in Polaris by 352.5% during the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock worth $36,959,000 after acquiring an additional 703,240 shares during the last quarter. Millennium Management LLC boosted its stake in Polaris by 341.5% during the 1st quarter. Millennium Management LLC now owns 604,674 shares of the company’s stock worth $24,755,000 after acquiring an additional 467,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Polaris by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 579,429 shares of the company’s stock worth $23,722,000 after acquiring an additional 24,122 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII stock opened at $63.87 on Wednesday. The company’s fifty day simple moving average is $61.61 and its 200-day simple moving average is $50.33. The company has a quick ratio of 0.37, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.59 billion, a PE ratio of -24.10 and a beta of 1.08. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS. Equities research analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 1st. Polaris’s payout ratio is currently -101.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PII shares. Wall Street Zen raised shares of Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Roth Capital lifted their price target on shares of Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Robert W. Baird lifted their price target on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.91.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.