SG Americas Securities LLC Cuts Stock Position in Polaris Inc. $PII

SG Americas Securities LLC trimmed its stake in Polaris Inc. (NYSE:PII) by 55.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,338 shares of the company’s stock after selling 15,436 shares during the quarter. SG Americas Securities LLC’s holdings in Polaris were worth $672,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Ritholtz Wealth Management bought a new position in shares of Polaris during the 4th quarter valued at about $1,172,000. WBI Investments LLC purchased a new position in Polaris in the 3rd quarter worth $1,468,000. Jefferies Financial Group Inc. purchased a new stake in Polaris in the fourth quarter valued at $10,778,000. Strs Ohio grew its stake in shares of Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $3,245,000 after purchasing an additional 51,000 shares during the period. Finally, Fieldview Capital Management LLC purchased a new position in Polaris during the third quarter worth approximately $1,670,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of PII traded up $2.17 during mid-day trading on Tuesday, hitting $65.30. The company’s stock had a trading volume of 19,690 shares, compared to its average volume of 1,115,471. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The firm has a 50-day simple moving average of $67.32 and a 200 day simple moving average of $63.87. Polaris Inc. has a 1-year low of $44.98 and a 1-year high of $75.25. The firm has a market capitalization of $3.71 billion, a P/E ratio of -8.32 and a beta of 1.25.

Polaris (NYSE:PII) last issued its quarterly earnings data 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. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted ($0.90) earnings per share. Polaris’s revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Analysts predict that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.2%. Polaris’s dividend payout ratio (DPR) is currently -34.69%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley reduced their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Citigroup increased their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Robert W. Baird boosted their target price on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.44.

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.