Louisiana State Employees Retirement System Takes $845,000 Position in Polaris Inc. $PII

Louisiana State Employees Retirement System bought a new position in Polaris Inc. (NYSE:PII) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,500 shares of the company’s stock, valued at approximately $845,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PII. Keybank National Association OH lifted its holdings in Polaris by 1.9% in the fourth 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. Rockefeller Capital Management L.P. grew its stake in shares of Polaris by 1.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock worth $678,000 after purchasing an additional 194 shares during the period. Danske Bank A S grew its stake in shares of Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Polaris by 0.3% during 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 during the period. Finally, Empowered Funds LLC increased its holdings in shares of Polaris by 4.7% during the 4th quarter. Empowered Funds LLC now owns 7,615 shares of the company’s stock valued at $482,000 after purchasing an additional 343 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Trading Down 0.2%

Shares of PII stock opened at $62.99 on Monday. Polaris Inc. has a 1-year low of $44.98 and a 1-year high of $75.25. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -8.03 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. The stock has a 50 day simple moving average of $67.23 and a 200-day simple moving average of $63.90.

Polaris (NYSE:PII) last released its quarterly earnings results 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. The firm had revenue of $1.66 billion for 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%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities research analysts expect 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. Stockholders of record on Monday, June 1st were given a $0.68 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.3%. Polaris’s dividend payout ratio (DPR) is -34.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PII shares. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Zacks Research lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Robert W. Baird upped their price objective on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.