ProShare Advisors LLC Has $37.59 Million Stock Holdings in Polaris Inc. $PII

ProShare Advisors LLC lessened its holdings in shares of Polaris Inc. (NYSE:PII) by 27.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 594,259 shares of the company’s stock after selling 220,259 shares during the quarter. ProShare Advisors LLC’s holdings in Polaris were worth $37,587,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Polaris by 564.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after acquiring an additional 1,489,157 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 474,259 shares in the last quarter. State Street Corp raised its holdings in Polaris by 15.7% in the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after acquiring an additional 426,482 shares in the last quarter. Holocene Advisors LP raised its holdings in Polaris by 184.3% in the 2nd quarter. Holocene Advisors LP now owns 464,469 shares of the company’s stock valued at $18,881,000 after acquiring an additional 301,105 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Polaris by 24.2% in the 3rd 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.

Analysts Set New Price Targets

PII has been the subject of several recent research reports. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Morgan Stanley cut their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday. Wells Fargo & Company upped their price target on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Citigroup upped their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.44.

Polaris Stock Down 6.2%

NYSE PII opened at $60.04 on Wednesday. The stock’s 50 day simple moving average is $58.00 and its 200 day simple moving average is $63.22. Polaris Inc. has a one year low of $36.73 and a one year high of $75.25. The firm has a market cap of $3.42 billion, a PE ratio of -7.66 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.

Polaris (NYSE:PII) last released its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted ($0.90) EPS. The business’s revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts forecast that Polaris Inc. will post 1.7 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 1st. Polaris’s dividend payout ratio (DPR) is currently -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.