ARGA Investment Management LP Lowers Position in Polaris Inc. $PII

ARGA Investment Management LP trimmed its holdings in shares of Polaris Inc. (NYSE:PII) by 56.6% during the 1st quarter, Holdings Channel reports. The fund owned 9,364 shares of the company’s stock after selling 12,217 shares during the period. ARGA Investment Management LP’s holdings in Polaris were worth $510,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Polaris by 677.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock valued at $22,283,000 after purchasing an additional 474,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Polaris by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after purchasing an additional 39,584 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Polaris by 65.4% during the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock valued at $666,000 after purchasing an additional 6,475 shares in the last quarter. Prudential Financial Inc. increased its holdings in Polaris by 17.8% during the second quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock valued at $339,000 after buying an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Polaris by 43.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock valued at $140,000 after buying an additional 1,037 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 2.5%

NYSE:PII opened at $67.45 on Friday. Polaris Inc. has a 52 week low of $46.03 and a 52 week high of $75.25. The firm has a 50 day moving average of $67.49 and a 200 day moving average of $63.81. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -8.60 and a beta of 1.25.

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, topping the consensus estimate of ($0.43) by $0.56. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts anticipate that Polaris Inc. will post 1.76 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 4.0%. The ex-dividend date was Monday, June 1st. Polaris’s payout ratio is -34.69%.

Wall Street Analyst Weigh In

PII has been the subject of a number of analyst reports. Raymond James Financial restated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Polaris in a research report on Tuesday. Wells Fargo & Company upped their price objective on Polaris from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Robert W. Baird lifted their target price on Polaris from $67.00 to $70.00 and gave the company 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.00.

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.