Capital World Investors cut its holdings in shares of Polaris Inc. (NYSE:PII – Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,476,118 shares of the company’s stock after selling 239,951 shares during the period. Capital World Investors owned about 0.12% of Polaris worth $409,614,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after buying an additional 1,489,157 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Polaris by 166.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after buying an additional 1,204,405 shares during the period. State Street Corp increased its stake in shares of Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after buying an additional 426,482 shares during the period. Holocene Advisors LP increased its stake in shares of Polaris by 184.3% during the second quarter. Holocene Advisors LP now owns 464,469 shares of the company’s stock worth $18,881,000 after buying an additional 301,105 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after buying an additional 282,570 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
PII has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Citigroup upped their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Robert W. Baird upped their target price on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Zacks Research lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.44.
Polaris Stock Performance
Shares of Polaris stock opened at $66.14 on Monday. The firm has a market capitalization of $3.76 billion, a P/E ratio of -8.44 and a beta of 1.26. Polaris Inc. has a 52 week low of $38.42 and a 52 week high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The firm’s 50 day moving average is $61.83 and its two-hundred day moving average is $63.48.
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Research analysts forecast that Polaris Inc. will post 1.76 EPS for the current fiscal year.
Polaris Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, June 1st. Polaris’s dividend payout ratio is currently -34.69%.
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.
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