Wellington Management Group LLP Grows Position in Polaris Inc. $PII

Wellington Management Group LLP grew its position in Polaris Inc. (NYSE:PIIFree Report) by 78.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,452 shares of the company’s stock after acquiring an additional 107,046 shares during the quarter. Wellington Management Group LLP’s holdings in Polaris were worth $16,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 position 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 during the last quarter. Prudential Financial Inc. lifted its position in Polaris by 17.8% during 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Polaris by 43.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock worth $140,000 after buying an additional 1,037 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Trading Down 0.1%

Shares of PII opened at $62.43 on Monday. The company’s fifty day simple moving average is $67.82 and its 200-day simple moving average is $63.95. The company has a market cap of $3.55 billion, a P/E ratio of -13.48 and a beta of 1.27. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. Polaris Inc. has a twelve month low of $47.14 and a twelve month high of $77.98.

Polaris (NYSE:PIIGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st. Polaris’s payout ratio is -58.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PII. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Citigroup lifted their price target on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Robert W. Baird boosted their price objective on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

View Our Latest Research Report on PII

Polaris Profile

(Free Report)

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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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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