Havemeyer Place LP Buys Shares of 7,428 Polaris Inc. $PII

Havemeyer Place LP bought a new stake in Polaris Inc. (NYSE:PII) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,428 shares of the company’s stock, valued at approximately $470,000.

Several other large investors also recently bought and sold shares of PII. Ritholtz Wealth Management purchased a new stake in shares of Polaris in the fourth quarter valued at $1,172,000. WBI Investments LLC purchased a new stake in shares of Polaris in the third quarter valued at $1,468,000. Strs Ohio lifted its position in shares of Polaris by 17,000.0% in the fourth quarter. Strs Ohio now owns 51,300 shares of the company’s stock valued at $3,245,000 after acquiring an additional 51,000 shares in the last quarter. Fieldview Capital Management LLC purchased a new stake in shares of Polaris in the third quarter valued at $1,670,000. Finally, American Century Companies Inc. lifted its position in shares of Polaris by 24.2% in the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock valued at $84,328,000 after acquiring an additional 282,570 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Citigroup upped their price objective on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Robert W. Baird upped their price objective on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Roth Mkm restated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.44.

Polaris Stock Performance

NYSE PII opened at $69.61 on Wednesday. The business’s 50-day moving average price is $62.36 and its 200 day moving average price is $63.57. Polaris Inc. has a twelve month low of $38.42 and a twelve month high of $75.25. The company has a market capitalization of $3.96 billion, a PE ratio of -8.88 and a beta of 1.26. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last released its earnings results on Monday, April 27th. The company reported $0.13 earnings per share 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 for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business posted ($0.90) earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts predict that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.68 per share. The ex-dividend date is Monday, June 1st. This represents a $2.72 annualized dividend and a yield of 3.9%. Polaris’s dividend payout ratio is -34.69%.

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.