Artisan Partners Limited Partnership Sells 114,715 Shares of Polaris Inc. $PII

Artisan Partners Limited Partnership trimmed its holdings in shares of Polaris Inc. (NYSE:PII) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 815,798 shares of the company’s stock after selling 114,715 shares during the period. Artisan Partners Limited Partnership owned approximately 1.45% of Polaris worth $47,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PII. Harbor Capital Advisors Inc. purchased a new position in Polaris during the third quarter valued at $26,000. Parkside Financial Bank & Trust raised its position in shares of Polaris by 371.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 693 shares of the company’s stock worth $28,000 after purchasing an additional 546 shares during the last quarter. EMC Capital Management purchased a new position in shares of Polaris in the 2nd quarter worth about $36,000. Quent Capital LLC bought a new position in Polaris in the 3rd quarter worth about $37,000. Finally, Huntington National Bank grew its position in Polaris by 218.0% during the 2nd quarter. Huntington National Bank now owns 1,062 shares of the company’s stock valued at $43,000 after purchasing an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 4.9%

NYSE:PII opened at $60.72 on Friday. The company has a market cap of $3.44 billion, a PE ratio of -7.42 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. The company has a 50 day simple moving average of $67.07 and a two-hundred day simple moving average of $64.15. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $75.25.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Polaris had a negative return on equity of 0.05% and a negative net margin of 6.51%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. 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 forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.68 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Polaris’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 4.5%. Polaris’s payout ratio is -32.76%.

Analysts Set New Price Targets

Several brokerages have issued reports on PII. Seaport Research Partners raised shares of Polaris to a “strong-buy” rating in a report on Thursday, January 8th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Morgan Stanley reduced their target price on Polaris from $81.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. Finally, Loop Capital began coverage on Polaris in a report on Thursday, November 13th. They set a “hold” rating and a $59.00 price target on the stock. Eleven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $59.10.

Insider Buying and Selling at Polaris

In related news, CEO Michael T. Speetzen sold 35,086 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $66.83, for a total transaction of $2,344,797.38. Following the completion of the sale, the chief executive officer directly owned 136,362 shares in the company, valued at approximately $9,113,072.46. The trade was a 20.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James P. Williams sold 5,243 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $67.17, for a total transaction of $352,172.31. Following the sale, the senior vice president directly owned 48,645 shares of the company’s stock, valued at approximately $3,267,484.65. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,973 shares of company stock worth $3,678,715 in the last three months. 3.12% of the stock is currently owned by company insiders.

Polaris 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.