Advisors Asset Management Inc. raised its position in Polaris Inc. (NYSE:PII – Free Report) by 32.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,091 shares of the company’s stock after acquiring an additional 10,356 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of Polaris worth $2,447,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC raised its holdings in Polaris by 3.0% during the third quarter. Ballentine Partners LLC now owns 6,761 shares of the company’s stock worth $393,000 after purchasing an additional 196 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Polaris by 2.8% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 8,241 shares of the company’s stock worth $479,000 after buying an additional 227 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Polaris by 31.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 998 shares of the company’s stock valued at $58,000 after buying an additional 238 shares during the period. Wynn Capital LLC lifted its holdings in shares of Polaris by 3.2% in the 3rd quarter. Wynn Capital LLC now owns 7,703 shares of the company’s stock valued at $448,000 after buying an additional 240 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Polaris by 1.9% in the third quarter. Arizona State Retirement System now owns 15,798 shares of the company’s stock valued at $918,000 after buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on PII. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, January 28th. Morgan Stanley upped their target price on shares of Polaris from $72.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, January 16th. Weiss Ratings upgraded shares of Polaris from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 16th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $70.00 price target on shares of Polaris in a research note on Wednesday, October 29th. Twelve research analysts have rated the stock with a Hold rating, According to MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price target of $59.80.
Polaris Price Performance
NYSE:PII opened at $65.88 on Friday. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -8.05, a price-to-earnings-growth ratio of 2.35 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 1.81. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $75.25. The company’s 50-day moving average is $67.93 and its two-hundred day moving average is $63.36.
Polaris (NYSE:PII – Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Polaris had a negative return on equity of 0.05% and a negative net margin of 6.51%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.450-0.450 EPS. Research analysts expect that Polaris Inc. will post 1.11 EPS for the current year.
Polaris Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.68 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, March 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.1%. Polaris’s dividend payout ratio (DPR) is -32.76%.
Insider Activity
In related news, SVP James P. Williams sold 5,243 shares of Polaris stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $67.17, for a total value of $352,172.31. Following the transaction, the senior vice president owned 48,645 shares in the company, valued at approximately $3,267,484.65. This trade represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael T. Speetzen sold 35,086 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $66.83, for a total value of $2,344,797.38. Following the sale, the chief executive officer directly owned 136,362 shares of the company’s stock, valued at approximately $9,113,072.46. This trade represents a 20.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,973 shares of company stock valued at $3,678,715 in the last ninety days. Company insiders own 3.12% of the company’s stock.
Polaris Company Profile
Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.
Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.
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