Caisse de depot et placement du Quebec Invests $5.63 Million in Polaris Inc. $PII

Key Points

• Caisse de dépôt et placement du Québec acquired 82,280 Polaris shares worth approximately $5.63 million, giving it a 0.14% stake. Institutional investors collectively own 88.06% of Polaris.
• Analysts remain broadly cautious, with a consensus “Hold” rating and a $67 target price; recent target increases from Wells Fargo and RBC were accompanied by “equal weight” and “sector perform” ratings.
• Polaris reported quarterly EPS of $1.97, well above the $0.76 consensus estimate, while revenue rose 9.2% year over year to $2.02 billion. The company also announced a quarterly dividend of $0.68 per share, implying a 4.3% yield.

Caisse de depot et placement du Quebec bought a new stake in Polaris Inc. (NYSE:PII - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 82,280 shares of the company's stock, valued at approximately $5,631,000. Caisse de depot et placement du Quebec owned approximately 0.14% of Polaris as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PII. Jefferies Financial Group Inc. bought a new stake in Polaris during the 4th quarter worth approximately $10,778,000. Strs Ohio boosted its stake in shares of Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company's stock worth $3,245,000 after buying an additional 51,000 shares during the last quarter. Comerica Bank grew its stake in Polaris by 173.4% in the fourth quarter. Comerica Bank now owns 41,939 shares of the company's stock valued at $2,653,000 after purchasing an additional 26,601 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Polaris by 60.8% in the first quarter. Principal Financial Group Inc. now owns 186,166 shares of the company's stock valued at $10,146,000 after buying an additional 70,421 shares in the last quarter. Finally, Auto Owners Insurance Co increased its stake in shares of Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company's stock worth $4,140,582,000 after purchasing an additional 64,428,750 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research analyst reports. Bank of America restated a "neutral" rating on shares of Polaris in a research note on Wednesday, July 29th. Wells Fargo & Company increased their target price on Polaris from $65.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Polaris from $65.00 to $75.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Polaris from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. Finally, Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. One research 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 company currently has a consensus rating of "Hold" and a consensus target price of $67.00.

Polaris Price Performance

Shares of PII opened at $63.87 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98. The business's 50 day moving average price is $68.67 and its two-hundred day moving average price is $64.14. The firm has a market cap of $3.63 billion, a PE ratio of -13.79 and a beta of 1.26.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $1.21. The business had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 1st. Polaris's dividend payout ratio (DPR) 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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