State of Wyoming Buys Shares of 8,471 Polaris Inc. $PII

State of Wyoming bought a new stake in shares of Polaris Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,471 shares of the company’s stock, valued at approximately $536,000.

A number of other institutional investors also recently modified their holdings of PII. Danske Bank A S boosted 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 valued at $32,000 after buying an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris during the 4th quarter valued at $40,000. Canada Pension Plan Investment Board bought a new position in shares of Polaris during the 2nd quarter valued at $73,000. FNY Investment Advisers LLC bought a new position in shares of Polaris during the 4th quarter valued at $75,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Polaris by 34.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock valued at $76,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII opened at $66.14 on Friday. 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 company has a market capitalization of $3.76 billion, a PE ratio of -8.44 and a beta of 1.26. The company’s fifty day moving average price is $61.83 and its 200 day moving average price is $63.47. Polaris Inc. has a one year low of $38.42 and a one year high of $75.25.

Polaris (NYSE:PII) last posted 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 company 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, analysts expect that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, June 1st. Polaris’s dividend payout ratio (DPR) is currently -34.69%.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Citigroup raised their price target on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Roth Mkm restated a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average 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.