Jupiter Topco LLC Purchases New Holdings in Polaris Inc. $PII

Jupiter Topco LLC acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,246 shares of the company's stock, valued at approximately $1,729,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PII. Auto Owners Insurance Co increased its stake in shares of Polaris by 6,225.0% during 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. BlackRock Inc. bought a new stake in shares of Polaris in the 2nd quarter worth approximately $501,360,000. AQR Capital Management LLC grew its stake in shares of Polaris by 564.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company's stock worth $70,673,000 after buying an additional 1,489,157 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Polaris in the 4th quarter worth approximately $81,447,000. Finally, Goldman Sachs Group Inc. increased its position in Polaris by 166.0% during the 4th 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 NYSE PII opened at $60.74 on Friday. The firm's 50-day moving average price is $68.02 and its 200-day moving average price is $63.98. 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 $3.46 billion, a PE ratio of -13.12 and a beta of 1.27. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data 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 firm 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%. During the same period in the previous year, the company earned ($1.39) earnings per share. The firm's quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.5%. Polaris's payout ratio is currently -58.75%.

Wall Street Analyst Weigh In

Several research firms have commented on PII. Robert W. Baird boosted their target price on Polaris from $70.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Polaris in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Polaris from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Morgan Stanley cut their price objective on shares of Polaris from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 19th. Finally, Citigroup raised their price objective on shares of Polaris from $70.00 to $73.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.00.

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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