Bessemer Group Inc. Has $3.82 Million Holdings in Polaris Inc. $PII

Bessemer Group Inc. raised its position in Polaris Inc. (NYSE:PII) by 50.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 70,150 shares of the company’s stock after purchasing an additional 23,415 shares during the period. Bessemer Group Inc.’s holdings in Polaris were worth $3,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co increased its stake in Polaris by 6,225.0% in the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after acquiring an additional 64,428,750 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after purchasing an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Polaris during the fourth quarter worth about $81,447,000. Goldman Sachs Group Inc. increased its stake in shares of Polaris by 166.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock valued at $122,058,000 after buying an additional 1,204,405 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Polaris by 79.2% in the fourth quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock valued at $67,419,000 after buying an additional 471,106 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PII shares. Roth Capital reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Citigroup upped their price target on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Zacks Research lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley reduced 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 note on Tuesday, May 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Polaris in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.00.

Polaris Stock Performance

Shares of PII stock opened at $73.38 on Wednesday. The stock has a market capitalization of $4.17 billion, a PE ratio of -9.36 and a beta of 1.25. The business’s 50 day simple moving average is $68.15 and its 200 day simple moving average is $64.07. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. Polaris Inc. has a one year low of $47.14 and a one year high of $75.25.

Polaris (NYSE:PII) last released its earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned ($0.90) earnings per share. Polaris’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts forecast 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. Stockholders of record on Monday, June 1st were paid a $0.68 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 3.7%. Polaris’s payout ratio is currently -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.