Caisse de depot et placement du Quebec Makes New $5.63 Million Investment in Polaris Inc. $PII

Caisse de depot et placement du Quebec bought a new stake in Polaris Inc. (NYSE:PIIFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 82,280 shares of the company’s stock, valued at approximately $5,631,000.

A number of other large investors have also added to or reduced their stakes in PII. Kemnay Advisory Services Inc. purchased a new stake in shares of Polaris during the 4th quarter worth approximately $27,000. Danske Bank A S raised its stake in shares of Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Elevation Wealth Partners LLC increased its position in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after buying an additional 471 shares during the period. Bard Associates Inc. purchased a new stake in Polaris in the 4th quarter worth approximately $46,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Polaris in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a report 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. Wells Fargo & Company boosted their target price on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Robert W. Baird upped their price objective on shares of Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.00.

Get Our Latest Research Report on PII

Polaris Stock Up 0.0%

PII stock opened at $63.87 on Friday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.79 and a beta of 1.26. The business’s 50 day moving average price is $68.67 and its two-hundred day moving average price is $64.14. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20.

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

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is -58.75%.

About Polaris

(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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