AQR Capital Management LLC Buys 55,378 Shares of Polaris Inc. $PII

Key Points

• AQR Capital Management LLC increased its stake in Polaris Inc. by 26.6%, acquiring an additional 55,378 shares to hold a total of 263,644 shares valued at approximately $10.71 million.
• Polaris Inc. reported better-than-expected earnings with $0.40 EPS, surpassing estimates of $0.05, despite a 5.5% drop in revenue compared to the previous year.
• UBS Group raised its price target for Polaris shares from $45 to $58 while maintaining a "neutral" rating, amidst varying consensus ratings from other analysts.

AQR Capital Management LLC boosted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 263,644 shares of the company's stock after buying an additional 55,378 shares during the quarter. AQR Capital Management LLC owned approximately 0.47% of Polaris worth $10,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after acquiring an additional 429 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Polaris during the 1st quarter valued at about $35,000. Fifth Third Bancorp boosted its stake in shares of Polaris by 46.9% in the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after purchasing an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after buying an additional 797 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Polaris by 7,462.5% during the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after buying an additional 1,194 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Down 0.6%

Shares of NYSE:PII traded down $0.38 during midday trading on Tuesday, hitting $58.51. The stock had a trading volume of 871,922 shares, compared to its average volume of 1,210,639. The company has a market cap of $3.29 billion, a P/E ratio of -31.12 and a beta of 1.08. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $86.51. The business's 50-day simple moving average is $54.09 and its 200-day simple moving average is $44.46. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.67 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.6%. Polaris's payout ratio is -142.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Roth Capital increased their target price on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Polaris presently has an average rating of "Hold" and an average target price of $49.17.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.