Polaris Inc. $PII Shares Bought by Strs Ohio

Strs Ohio lifted its position in shares of Polaris Inc. (NYSE:PII) by 17,000.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,300 shares of the company’s stock after acquiring an additional 51,000 shares during the quarter. Strs Ohio’s holdings in Polaris were worth $3,245,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PII. Danske Bank A S lifted its position in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Quent Capital LLC purchased a new position in shares of Polaris during the 3rd quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Polaris during the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. lifted its holdings in shares of Polaris by 213.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 928 shares of the company’s stock valued at $54,000 after buying an additional 632 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Polaris by 31.3% in the third quarter. Farther Finance Advisors LLC now owns 998 shares of the company’s stock valued at $58,000 after buying an additional 238 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Up 5.6%

PII opened at $66.14 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -8.44 and a beta of 1.25. Polaris Inc. has a one year low of $33.00 and a one year high of $75.25. The business’s fifty day moving average is $56.85 and its two-hundred day moving average is $63.41.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted ($0.90) earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Analysts anticipate that Polaris Inc. will post 1.7 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.68 per share. 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 (DPR) is -34.69%.

Insider Transactions at Polaris

In other Polaris news, insider Benjamin D. Duke sold 10,090 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $66.82, for a total value of $674,213.80. Following the sale, the insider owned 30,242 shares of the company’s stock, valued at $2,020,770.44. This represents a 25.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael T. Speetzen sold 35,086 shares of the 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 owned 136,362 shares in the company, valued at $9,113,072.46. This represents a 20.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Morgan Stanley decreased their target price on shares of Polaris from $81.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Finally, Seaport Research Partners raised shares of Polaris to a “strong-buy” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.00.

About Polaris

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.