Polaris Inc. $PII Stake Reduced by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in Polaris Inc. (NYSE:PII) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 706,173 shares of the company’s stock after selling 47,631 shares during the quarter. Gotham Asset Management LLC’s holdings in Polaris were worth $44,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP raised its position in Polaris by 0.4% in the third quarter. Quantbot Technologies LP now owns 47,913 shares of the company’s stock worth $2,785,000 after acquiring an additional 177 shares in the last quarter. Keybank National Association OH raised its position in Polaris by 1.9% in the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock worth $624,000 after acquiring an additional 184 shares in the last quarter. Danske Bank A S raised its position in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Polaris by 0.3% in the 4th quarter. Russell Investments Group Ltd. now owns 123,886 shares of the company’s stock worth $7,838,000 after purchasing an additional 340 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Polaris by 4.7% in the 4th quarter. Empowered Funds LLC now owns 7,615 shares of the company’s stock worth $482,000 after purchasing an additional 343 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Down 1.4%

Shares of PII opened at $68.91 on Thursday. The business’s 50-day moving average price is $64.16 and its 200 day moving average price is $63.76. The stock has a market capitalization of $3.92 billion, a P/E ratio of -8.79 and a beta of 1.26. Polaris Inc. has a 1-year low of $38.42 and a 1-year high of $75.25. 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 (NYSE:PII) last released its earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted ($0.90) EPS. 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 expect that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s payout ratio is -34.69%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PII. Wells Fargo & Company lifted their price target on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Morgan Stanley dropped their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Citigroup lifted their price target on Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Robert W. Baird lifted their price target on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.44.

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.