Gotham Asset Management LLC Sells 21,315 Shares of Polaris Inc. $PII

Gotham Asset Management LLC reduced its stake in shares of Polaris Inc. (NYSE:PII) by 2.7% in the third quarter, HoldingsChannel reports. The firm owned 753,804 shares of the company’s stock after selling 21,315 shares during the period. Gotham Asset Management LLC’s holdings in Polaris were worth $43,819,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PII. Harbor Capital Advisors Inc. bought a new position in Polaris in the third quarter worth about $26,000. Quent Capital LLC bought a new stake in shares of Polaris in the 3rd quarter valued at about $37,000. EMC Capital Management purchased a new position in shares of Polaris in the 2nd quarter worth approximately $36,000. Geneos Wealth Management Inc. grew its position in shares of Polaris by 213.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 928 shares of the company’s stock worth $54,000 after buying an additional 632 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Polaris by 31.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 998 shares of the company’s stock worth $58,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael T. Speetzen sold 35,086 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $66.83, for a total value of $2,344,797.38. Following the completion of the transaction, the chief executive officer directly owned 136,362 shares in the company, valued at $9,113,072.46. This trade represents a 20.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James P. Williams sold 5,243 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $67.17, for a total value of $352,172.31. Following the completion of the transaction, the senior vice president owned 48,645 shares of the company’s stock, valued at approximately $3,267,484.65. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 50,419 shares of company stock valued at $3,371,183. 3.12% of the stock is owned by company insiders.

Polaris Stock Down 1.8%

NYSE:PII opened at $50.38 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 1.81. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $75.25. The company has a market cap of $2.86 billion, a PE ratio of -6.16 and a beta of 1.19. The company’s 50 day moving average is $64.79 and its two-hundred day moving average is $64.07.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Polaris had a negative net margin of 6.51% and a negative return on equity of 0.05%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.450-0.450 EPS. Analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.68 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, March 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 5.4%. Polaris’s dividend payout ratio (DPR) is -33.25%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Wells Fargo & Company assumed coverage on Polaris in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $52.00 price target on the stock. Royal Bank Of Canada decreased their price objective on Polaris to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, January 27th. Morgan Stanley dropped their target price on Polaris from $81.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 17th. Finally, Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, January 28th. Twelve analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $58.45.

Polaris Company 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.