Convergence Investment Partners LLC Buys New Stake in Polaris Inc. $PII

Convergence Investment Partners LLC purchased a new stake in Polaris Inc. (NYSE:PII) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,848 shares of the company’s stock, valued at approximately $979,000.

Several other institutional investors and hedge funds have also made changes to their positions in PII. Ballentine Partners LLC raised its position in shares of Polaris by 3.0% during the 3rd quarter. Ballentine Partners LLC now owns 6,761 shares of the company’s stock worth $393,000 after acquiring an additional 196 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Polaris by 31.3% in the third quarter. Farther Finance Advisors LLC now owns 998 shares of the company’s stock valued at $58,000 after purchasing an additional 238 shares during the last quarter. Wynn Capital LLC increased its stake in Polaris by 3.2% in the third quarter. Wynn Capital LLC now owns 7,703 shares of the company’s stock valued at $448,000 after purchasing an additional 240 shares during the last quarter. Arizona State Retirement System raised its holdings in Polaris by 1.9% during the third quarter. Arizona State Retirement System now owns 15,798 shares of the company’s stock worth $918,000 after purchasing an additional 299 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Polaris by 2.4% during the 2nd quarter. State of Michigan Retirement System now owns 12,679 shares of the company’s stock worth $515,000 after buying an additional 300 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Polaris

In other Polaris news, SVP James P. Williams sold 4,554 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $67.53, for a total transaction of $307,531.62. Following the completion of the transaction, the senior vice president owned 43,878 shares in the company, valued at approximately $2,963,081.34. This represents a 9.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.12% of the company’s stock.

Polaris Stock Performance

NYSE PII opened at $64.33 on Tuesday. The firm has a market cap of $3.62 billion, a P/E ratio of -7.86, a P/E/G ratio of 2.14 and a beta of 1.19. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $75.25. The business’s 50-day moving average price is $67.68 and its 200 day moving average price is $62.39. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 1.81.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Polaris had a negative return on equity of 0.05% and a negative net margin of 6.51%.The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given 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 4.2%. Polaris’s payout ratio is -32.76%.

Analysts Set New Price Targets

PII has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Polaris from $72.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, January 16th. Royal Bank Of Canada decreased their price objective on shares of Polaris to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $70.00 price objective on shares of Polaris in a report on Wednesday, October 29th. Loop Capital assumed coverage on Polaris in a report on Thursday, November 13th. They issued a “hold” rating and a $59.00 target price for the company. Finally, Robert W. Baird raised their price target on Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Twelve investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $59.80.

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.