Polaris Inc. $PII Shares Bought by Auto Owners Insurance Co

Auto Owners Insurance Co increased its holdings in Polaris Inc. (NYSE:PII) by 6,225.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,463,750 shares of the company’s stock after purchasing an additional 64,428,750 shares during the period. Polaris accounts for 1.0% of Auto Owners Insurance Co’s investment portfolio, making the stock its 18th biggest position. Auto Owners Insurance Co owned about 1.15% of Polaris worth $4,140,582,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Polaris by 677.2% in the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock valued at $22,283,000 after purchasing an additional 474,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Polaris by 27.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock worth $7,504,000 after buying an additional 39,584 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Polaris by 65.4% in the 2nd quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock worth $666,000 after buying an additional 6,475 shares during the period. Prudential Financial Inc. boosted its holdings in Polaris by 17.8% in the second quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock valued at $339,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Polaris by 43.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock valued at $140,000 after acquiring an additional 1,037 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Robert W. Baird lifted their price objective on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup increased their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price target on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Roth Mkm reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.44.

Polaris Stock Performance

Shares of PII opened at $71.25 on Friday. The stock has a market capitalization of $4.05 billion, a PE ratio of -9.09 and a beta of 1.26. The business’s fifty day moving average price is $64.83 and its 200 day moving average price is $63.85. 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 12-month low of $38.42 and a 12-month high of $75.25.

Polaris (NYSE:PII) last issued its earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned ($0.90) earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Equities research analysts forecast that Polaris Inc. will post 1.76 EPS for the current year.

Polaris Dividend Announcement

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

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.