Forty three Eighteen Advisors LLC Makes New Investment in Polaris Inc. $PII

Forty three Eighteen Advisors LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the fourth quarter, HoldingsChannel reports. The firm acquired 31,988 shares of the company’s stock, valued at approximately $2,023,000. Polaris accounts for 1.6% of Forty three Eighteen Advisors LLC’s holdings, making the stock its 18th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in PII. Quantbot Technologies LP grew its holdings in shares of Polaris by 0.4% during the third quarter. Quantbot Technologies LP now owns 47,913 shares of the company’s stock worth $2,785,000 after buying an additional 177 shares during the last quarter. Keybank National Association OH increased its position in Polaris by 1.9% in the 4th quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock valued at $624,000 after acquiring an additional 184 shares during the period. Rockefeller Capital Management L.P. raised its stake in Polaris by 1.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock valued at $678,000 after acquiring an additional 194 shares during the last quarter. Danske Bank A S raised its stake in 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 acquiring an additional 300 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Polaris by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 123,886 shares of the company’s stock worth $7,838,000 after acquiring an additional 340 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of NYSE:PII opened at $71.25 on Friday. Polaris Inc. has a 52 week low of $38.42 and a 52 week high of $75.25. The company has a 50-day moving average price of $64.83 and a 200 day moving average price of $63.85. The company has a market cap of $4.05 billion, a P/E ratio of -9.09 and a beta of 1.26. The company has a quick ratio of 0.48, a current ratio of 1.21 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 (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 analysts’ expectations of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Research analysts predict that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on PII. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. Robert W. Baird upped their price target on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup increased their price target on Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley lowered their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $64.44.

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.