Kestra Private Wealth Services LLC Acquires Shares of 11,917 Polaris Inc. $PII

Kestra Private Wealth Services LLC bought a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, Holdings Channel reports. The institutional investor bought 11,917 shares of the company’s stock, valued at approximately $754,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PII. Quent Capital LLC acquired a new position in shares of Polaris during the 3rd quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Polaris in the fourth quarter valued at about $40,000. Geneos Wealth Management Inc. grew its position in Polaris by 213.5% in the third quarter. Geneos Wealth Management Inc. now owns 928 shares of the company’s stock valued at $54,000 after acquiring an additional 632 shares during the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 238 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Polaris during the second quarter worth about $73,000. Institutional investors own 88.06% of the company’s stock.

Insider Buying and Selling at Polaris

In other news, insider Benjamin D. Duke sold 10,090 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $66.82, for a total transaction of $674,213.80. Following the completion of the transaction, the insider owned 30,242 shares of the company’s stock, valued at approximately $2,020,770.44. This trade represents a 25.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael T. Speetzen sold 35,086 shares of Polaris stock in a transaction 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 transaction, the chief executive officer owned 136,362 shares in the company, valued at approximately $9,113,072.46. This trade represents a 20.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 50,419 shares of company stock worth $3,371,183. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PII shares. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday. Citigroup upped their price objective on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley cut 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. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, Roth Mkm reiterated a “neutral” rating on shares of Polaris in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.00.

Polaris Stock Performance

NYSE:PII opened at $66.54 on Monday. The stock has a market cap of $3.79 billion, a P/E ratio of -8.49 and a beta of 1.25. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The stock’s 50-day moving average is $56.85 and its 200-day moving average is $63.41. Polaris Inc. has a 1-year low of $33.00 and a 1-year high of $75.25.

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, beating analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned ($0.90) EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts anticipate that Polaris Inc. will post 1.7 earnings per share for the current year.

Polaris 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.