110,700 Shares in Polaris Inc. $PII Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group acquired 110,700 Polaris shares worth approximately $7.6 million, while institutional investors collectively own 88.06% of the company.
• Analysts maintain a largely cautious view, with 11 Hold ratings and an average price target of $67, despite some firms raising their targets.
• Polaris exceeded quarterly earnings expectations, reporting $1.97 in EPS and $2.02 billion in revenue, and declared a quarterly dividend of $0.68 per share, yielding about 4.2% annually.

Alyeska Investment Group L.P. purchased a new stake in Polaris Inc. (NYSE:PII - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,700 shares of the company's stock, valued at approximately $7,576,000. Alyeska Investment Group L.P. owned 0.19% of Polaris at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in shares of Polaris by 677.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company's stock worth $22,283,000 after buying an additional 474,259 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Polaris by 27.5% in the 1st 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 buying an additional 39,584 shares during the last quarter. Cetera Investment Advisers grew its stake in Polaris by 65.4% in the 2nd quarter. Cetera Investment Advisers now owns 16,376 shares of the company's stock valued at $666,000 after buying an additional 6,475 shares during the last quarter. Prudential Financial Inc. raised its holdings in Polaris by 17.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,347 shares of the company's stock valued at $339,000 after acquiring an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Polaris by 43.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company's stock valued at $140,000 after acquiring an additional 1,037 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Polaris from $65.00 to $75.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Bank of America reiterated a "neutral" rating on shares of Polaris in a research note on Wednesday, July 29th. Morgan Stanley dropped their price target on Polaris from $74.00 to $69.00 and set an "equal weight" rating for the company in a report on Tuesday, May 19th. KeyCorp restated a "sector weight" rating on shares of Polaris in a research note on Wednesday, July 29th. Finally, Citigroup upped their price objective on Polaris from $70.00 to $73.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Polaris has an average rating of "Hold" and an average target price of $67.00.

Polaris Stock Up 1.2%

NYSE PII opened at $64.52 on Tuesday. 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 1-year low of $47.14 and a 1-year high of $77.98. The company has a 50 day moving average of $68.58 and a 200-day moving average of $64.08. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -13.94 and a beta of 1.26.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results 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 for 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 business posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.72 annualized dividend and a yield of 4.2%. Polaris's dividend payout ratio is currently -58.75%.

About Polaris

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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