UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $8.01 Million Stock Position in Polaris Inc. $PII

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Polaris Inc. (NYSE:PII) by 12.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 117,084 shares of the company’s stock after acquiring an additional 12,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Polaris were worth $8,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PII. Jefferies Financial Group Inc. acquired a new position in Polaris in the 4th quarter worth $10,778,000. Principal Financial Group Inc. raised its stake in shares of Polaris by 60.8% in the 1st quarter. Principal Financial Group Inc. now owns 186,166 shares of the company’s stock valued at $10,146,000 after purchasing an additional 70,421 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Polaris by 6,225.0% in the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after purchasing an additional 64,428,750 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Polaris during the second quarter worth about $5,222,000. Finally, Renaissance Technologies LLC boosted its position in shares of Polaris by 87.1% during the first quarter. Renaissance Technologies LLC now owns 225,800 shares of the company’s stock worth $12,306,000 after buying an additional 105,100 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the topic of a number of recent research reports. Citigroup lifted their target price on Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Robert W. Baird upped their price target on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and an average price target of $68.12.

Polaris Price Performance

NYSE:PII opened at $62.43 on Tuesday. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98. 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 debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. The stock’s 50-day simple moving average is $67.65 and its 200 day simple moving average is $63.93.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 16.77% and a negative net margin of 3.50%.The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts forecast that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend 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.