UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Polaris Inc. (NYSE:PII – Free Report) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,084 shares of the company’s stock after purchasing an additional 12,999 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Polaris worth $8,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in Polaris during the 4th quarter worth $27,000. Elevation Wealth Partners LLC increased its stake in shares of Polaris by 471.0% in the 2nd 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. acquired a new stake in shares of Polaris in the 4th quarter valued at $46,000. Hilton Head Capital Partners LLC bought a new stake in shares of Polaris during the fourth quarter worth $52,000. Finally, Versant Capital Management Inc lifted its stake in shares of Polaris by 128.1% during the second quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock valued at $65,000 after acquiring an additional 533 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on PII shares. Roth Capital restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Citigroup raised their price objective on shares of Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Bank of America reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $68.12.
Polaris Stock Down 0.1%
Shares of NYSE PII opened at $62.43 on Tuesday. The firm has a 50 day moving average price of $67.65 and a 200 day moving average price of $63.93. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. The stock has a market cap of $3.55 billion, a P/E ratio of -13.48 and a beta of 1.27. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98.
Polaris (NYSE:PII – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted ($1.39) earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts expect that Polaris Inc. will post 3.22 EPS for the current year.
Polaris Dividend Announcement
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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s payout ratio is presently -58.75%.
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.
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