Pacer Advisors Inc. Sells 9,494 Shares of Polaris Inc. $PII

Pacer Advisors Inc. cut its holdings in shares of Polaris Inc. (NYSE:PII) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 383,655 shares of the company’s stock after selling 9,494 shares during the period. Pacer Advisors Inc.’s holdings in Polaris were worth $24,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in Polaris during the 4th quarter worth $1,172,000. WBI Investments LLC bought a new position in shares of Polaris in the 3rd quarter valued at about $1,468,000. Strs Ohio grew its position in shares of Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $3,245,000 after buying an additional 51,000 shares during the period. Fieldview Capital Management LLC bought a new stake in shares of Polaris during the third quarter worth approximately $1,670,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Polaris during the fourth quarter worth approximately $10,778,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Down 0.2%

PII opened at $71.25 on Friday. The firm’s fifty day moving average is $64.83 and its two-hundred day moving average is $63.85. The firm has a market cap of $4.05 billion, a PE ratio of -9.09 and a beta of 1.26. Polaris Inc. has a twelve month low of $38.42 and a twelve month high of $75.25. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.56. The company had revenue of $1.66 billion during 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 firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts anticipate that Polaris Inc. will post 1.76 EPS for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 1st. Polaris’s dividend payout ratio is -34.69%.

Analyst Ratings Changes

PII has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Morgan Stanley decreased their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Citigroup increased their target price on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Polaris presently has an average rating of “Hold” and an average price target of $64.44.

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.