Corient Private Wealth LP Invests $2.28 Million in Polaris Inc. $PII

Key Points

• Corient Private Wealth LP acquired 33,310 Polaris shares worth approximately $2.28 million, giving it about a 0.06% stake. Institutional investors collectively own 88.06% of the company.
• Polaris reported quarterly EPS of $1.97, beating estimates of $0.76, while revenue rose 9.2% year over year to $2.02 billion. The stock recently traded at $61.77, below its 50-day moving average of $68.25.
• Polaris declared a quarterly dividend of $0.68, equivalent to $2.72 annually and a 4.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $67.

Corient Private Wealth LP bought a new stake in Polaris Inc. (NYSE:PII - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,310 shares of the company's stock, valued at approximately $2,280,000. Corient Private Wealth LP owned approximately 0.06% of Polaris as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Auto Owners Insurance Co raised its holdings in shares of Polaris by 6,225.0% in the 4th 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. BlackRock Inc. acquired a new position in shares of Polaris during the second quarter worth $501,360,000. State Street Corp increased its holdings in Polaris by 15.7% in the second quarter. State Street Corp now owns 3,137,866 shares of the company's stock valued at $127,554,000 after buying an additional 426,482 shares during the last quarter. AQR Capital Management LLC increased its holdings in Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company's stock valued at $132,600,000 after buying an additional 528,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Polaris by 166.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company's stock valued at $122,058,000 after buying an additional 1,204,405 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

Shares of PII stock opened at $61.77 on Thursday. The stock's 50-day moving average is $68.25 and its two-hundred day moving average is $64.02. 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 1 year low of $47.14 and a 1 year high of $77.98. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -13.34 and a beta of 1.27.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $0.76 by $1.21. The business had revenue of $2.02 billion during 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 business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.4%. Polaris's payout ratio is currently -58.75%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PII. Robert W. Baird upped their price objective on Polaris from $70.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on Polaris from $65.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 29th. Roth Capital restated a "neutral" rating on shares of Polaris in a research note on Wednesday, July 29th. Citigroup upped their price target on Polaris from $70.00 to $73.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of 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 assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Polaris presently has a consensus rating of "Hold" and an average price target of $67.00.

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.

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