Eubel Brady & Suttman Asset Management Inc. cut its position in Polaris Inc. (NYSE:PII – Free Report) by 25.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,579 shares of the company’s stock after selling 118,858 shares during the period. Polaris comprises 2.4% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 16th largest holding. Eubel Brady & Suttman Asset Management Inc. owned approximately 0.61% of Polaris worth $21,731,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PII. Ritholtz Wealth Management bought a new position in shares of Polaris during the fourth quarter worth $1,172,000. Federated Hermes Inc. boosted its position in shares of Polaris by 109.2% during the third quarter. Federated Hermes Inc. now owns 144,056 shares of the company’s stock worth $8,374,000 after acquiring an additional 75,185 shares during the last quarter. WBI Investments LLC bought a new position in shares of Polaris during the third quarter worth $1,468,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Polaris during the third quarter worth $1,610,000. Finally, Fieldview Capital Management LLC bought a new position in shares of Polaris during the third quarter worth $1,670,000. 88.06% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Roth Mkm restated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Citigroup increased their price objective on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company increased their price objective on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Polaris to $67.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and an average target price of $65.00.
Polaris Price Performance
Polaris stock opened at $64.64 on Friday. The firm has a 50-day moving average price of $57.70 and a 200-day moving average price of $63.36. The firm has a market capitalization of $3.68 billion, a PE ratio of -8.25 and a beta of 1.25. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. Polaris Inc. has a 12-month low of $36.73 and a 12-month high of $75.25.
Polaris (NYSE:PII – Get Free Report) last released its earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.56. The firm had revenue of $1.66 billion during 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 business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, equities research analysts forecast that Polaris Inc. will post 1.7 EPS for the current year.
Polaris Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, June 1st. Polaris’s dividend payout ratio (DPR) is -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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