Polaris Inc. $PII Shares Bought by Strs Ohio

Strs Ohio boosted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 17,000.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,300 shares of the company's stock after buying an additional 51,000 shares during the quarter. Strs Ohio owned 0.09% of Polaris worth $3,245,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP lifted its holdings in shares of Polaris by 0.4% in the 3rd quarter. Quantbot Technologies LP now owns 47,913 shares of the company's stock worth $2,785,000 after acquiring an additional 177 shares during the last quarter. Keybank National Association OH boosted its holdings in Polaris by 1.9% during the 4th quarter. Keybank National Association OH now owns 9,872 shares of the company's stock valued at $624,000 after acquiring an additional 184 shares during the period. Ballentine Partners LLC grew its position in Polaris by 3.0% in the 3rd quarter. Ballentine Partners LLC now owns 6,761 shares of the company's stock valued at $393,000 after acquiring an additional 196 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Polaris by 2.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 8,241 shares of the company's stock valued at $479,000 after acquiring an additional 227 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Polaris by 31.3% during the third quarter. Farther Finance Advisors LLC now owns 998 shares of the company's stock worth $58,000 after purchasing an additional 238 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of Polaris stock opened at $66.14 on Wednesday. The firm's fifty day simple moving average is $56.85 and its 200-day simple moving average is $63.41. Polaris Inc. has a 12 month low of $33.00 and a 12 month high of $75.25. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -8.44 and a beta of 1.25. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.56. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. Polaris's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, equities analysts forecast that Polaris Inc. will post 1.7 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given 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 payout ratio is -34.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PII shares. 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 note on Tuesday, January 27th. Zacks Research raised Polaris from a "hold" rating to a "strong-buy" rating in a report on Monday, April 20th. Wells Fargo & Company increased their price target on shares of Polaris from $52.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 29th. Morgan Stanley cut their price objective on shares of Polaris from $81.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 17th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Polaris in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Polaris currently has an average rating of "Hold" and a consensus target price of $65.00.

Insider Activity

In other Polaris news, CEO Michael T. Speetzen sold 35,086 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The stock was 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 of the company's stock, valued at $9,113,072.46. This represents a 20.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Benjamin D. Duke sold 10,090 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $66.82, for a total value of $674,213.80. Following the sale, the insider directly owned 30,242 shares of the company's stock, valued at $2,020,770.44. The trade was a 25.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.40% of the company's stock.

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.

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