RWWM Inc. Sells 28,659 Shares of Polaris Inc. $PII

RWWM Inc. decreased its holdings in Polaris Inc. (NYSE:PII) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 887,961 shares of the company’s stock after selling 28,659 shares during the period. Polaris comprises approximately 3.5% of RWWM Inc.’s investment portfolio, making the stock its 11th biggest holding. RWWM Inc.’s holdings in Polaris were worth $48,394,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PII. Ritholtz Wealth Management acquired a new stake in Polaris during the 4th quarter valued at $1,172,000. WBI Investments LLC bought a new position in Polaris during the third quarter worth $1,468,000. Jefferies Financial Group Inc. acquired a new position in shares of Polaris in the fourth quarter valued at $10,778,000. Strs Ohio raised its position in shares of Polaris by 17,000.0% in the fourth quarter. Strs Ohio now owns 51,300 shares of the company’s stock valued at $3,245,000 after purchasing an additional 51,000 shares during the period. Finally, Comerica Bank raised its position in shares of Polaris by 173.4% in the fourth quarter. Comerica Bank now owns 41,939 shares of the company’s stock valued at $2,653,000 after purchasing an additional 26,601 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Roth Capital reissued a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Raymond James Financial reissued an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Robert W. Baird boosted their price objective on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Performance

Shares of NYSE:PII opened at $67.50 on Wednesday. Polaris Inc. has a 12-month low of $46.03 and a 12-month high of $75.25. The company’s 50 day moving average price is $67.53 and its two-hundred day moving average price is $63.79. The firm has a market cap of $3.84 billion, a PE ratio of -8.61 and a beta of 1.25. 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 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. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts predict that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, June 1st. Polaris’s dividend payout ratio (DPR) is -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.