Pacer Advisors Inc. Grows Position in Polaris Inc. $PII

Pacer Advisors Inc. grew its position in Polaris Inc. (NYSE:PII) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,724 shares of the company’s stock after purchasing an additional 48,069 shares during the period. Pacer Advisors Inc.’s holdings in Polaris were worth $23,529,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PII. Kemnay Advisory Services Inc. acquired a new stake in Polaris during the 4th quarter worth approximately $27,000. Danske Bank A S raised its holdings in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Polaris during the fourth quarter valued at approximately $40,000. Bard Associates Inc. purchased a new stake in Polaris during the fourth quarter worth approximately $46,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Polaris during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Morgan Stanley reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Polaris Trading Up 5.3%

NYSE PII opened at $70.66 on Tuesday. The company’s fifty day simple moving average is $69.26 and its 200-day simple moving average is $64.18. Polaris Inc. has a 52 week low of $47.14 and a 52 week high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The stock has a market cap of $4.02 billion, a P/E ratio of -15.26 and a beta of 1.26.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned ($1.39) EPS. The business’s revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities research analysts predict that Polaris Inc. will post 2.92 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is -58.75%.

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.