39,765 Shares in Polaris Inc. $PII Bought by PDT Partners LLC

PDT Partners LLC bought a new position in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,765 shares of the company’s stock, valued at approximately $2,722,000. PDT Partners LLC owned about 0.07% of Polaris as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PII. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris during the fourth quarter valued at $27,000. Danske Bank A S increased its position in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Elevation Wealth Partners LLC increased its position in Polaris by 471.0% in the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 471 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Polaris during the 4th quarter worth about $40,000. Finally, Bard Associates Inc. bought a new stake in Polaris during the 4th quarter worth about $46,000. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PII. 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. Morgan Stanley cut their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Polaris Stock Up 0.4%

Shares of NYSE:PII opened at $63.81 on Thursday. The company has a 50 day moving average price of $68.96 and a two-hundred day moving average price of $64.18. 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 company has a market capitalization of $3.63 billion, a PE ratio of -13.78 and a beta of 1.26. Polaris Inc. has a 52 week low of $47.14 and a 52 week high of $77.98.

Polaris (NYSE:PII) 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 forecast that Polaris Inc. will post 3.22 earnings per share 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 issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a yield of 4.3%. Polaris’s payout ratio is currently -58.75%.

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.