CPC Advisors LLC purchased a new position in shares of Polaris Inc. (NYSE:PII – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,769 shares of the company’s stock, valued at approximately $1,731,000. CPC Advisors LLC owned approximately 0.06% of Polaris at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of PII. Goldman Sachs Group Inc. increased its holdings in Polaris by 677.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after acquiring an additional 474,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Polaris by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after purchasing an additional 39,584 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Polaris by 65.4% during the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock valued at $666,000 after purchasing an additional 6,475 shares in the last quarter. Prudential Financial Inc. grew its position in shares of 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 purchasing an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 purchasing an additional 1,037 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 research analysts recently weighed in on PII shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Morgan Stanley cut their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Robert W. Baird increased their target price on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their target price on 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 reaffirmed a “neutral” rating on shares of Polaris 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.44.
Polaris Stock Performance
PII opened at $71.25 on Monday. Polaris Inc. has a twelve month low of $38.42 and a twelve month high of $75.25. The firm has a market capitalization of $4.05 billion, a PE ratio of -9.09 and a beta of 1.26. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72. The firm’s 50-day moving average price is $64.83 and its 200 day moving average price is $63.84.
Polaris (NYSE:PII – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $0.13 EPS 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%. Polaris’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts expect that Polaris Inc. will post 1.76 EPS for the current fiscal year.
Polaris Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.68 per share. The ex-dividend date 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 presently -34.69%.
About Polaris
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.
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