54,091 Shares in Polaris Inc. $PII Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,091 shares of the company’s stock, valued at approximately $3,421,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in Polaris by 15.7% during the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after acquiring an additional 426,482 shares during the last quarter. AQR Capital Management LLC boosted its stake in Polaris by 30.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock worth $132,600,000 after acquiring an additional 528,300 shares during the last quarter. American Century Companies Inc. boosted its stake in Polaris by 24.2% during the 3rd quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after acquiring an additional 282,570 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Polaris by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,344,231 shares of the company’s stock worth $78,145,000 after acquiring an additional 7,054 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Polaris by 6.3% during the 2nd quarter. Invesco Ltd. now owns 959,255 shares of the company’s stock worth $38,994,000 after acquiring an additional 56,504 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Morgan Stanley cut their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Robert W. Baird lifted their price target on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” 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 analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Polaris has a consensus rating of “Hold” and an average target price of $64.44.

Polaris Stock Performance

Shares of PII stock opened at $70.74 on Friday. The company’s fifty day simple moving average is $60.52 and its 200-day simple moving average is $63.37. 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 has a market cap of $4.02 billion, a PE ratio of -9.02 and a beta of 1.25. Polaris Inc. has a 12 month low of $36.73 and a 12 month high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The business 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 for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts expect that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. Polaris’s payout ratio is currently -34.69%.

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.