Select Equity Group L.P. Grows Stock Position in Polaris Inc. $PII

Key Points

• Select Equity Group L.P. increased its ownership in Polaris Inc. by 142.1% in the first quarter, bringing their total shares to 1,620,565 and valuing their stake at $66.3 million.
• Polaris recently declared a quarterly dividend of $0.67 per share, representing an annualized yield of 4.5%, with a payout ratio of -142.55%.
• The company's stock opened at $59.14 and has shown significant year-long fluctuations, with a low of $30.92 and a high of $86.51.

Select Equity Group L.P. increased its holdings in Polaris Inc. (NYSE:PII - Free Report) by 142.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,620,565 shares of the company's stock after acquiring an additional 951,195 shares during the quarter. Select Equity Group L.P. owned approximately 2.88% of Polaris worth $66,346,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PII. RWWM Inc. grew its stake in Polaris by 169.2% in the first quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock valued at $98,053,000 after purchasing an additional 1,505,351 shares during the last quarter. Invesco Ltd. grew its stake in Polaris by 352.5% in the first quarter. Invesco Ltd. now owns 902,751 shares of the company's stock valued at $36,959,000 after purchasing an additional 703,240 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Polaris by 12,099.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company's stock valued at $21,016,000 after purchasing an additional 509,135 shares during the last quarter. Millennium Management LLC grew its stake in Polaris by 341.5% in the first quarter. Millennium Management LLC now owns 604,674 shares of the company's stock valued at $24,755,000 after purchasing an additional 467,704 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Polaris by 25,682.0% in the first quarter. GAMMA Investing LLC now owns 249,570 shares of the company's stock valued at $10,217,000 after purchasing an additional 248,602 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Royal Bank Of Canada increased their price target on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. BMO Capital Markets reiterated 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. Roth Capital increased their price target on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.17.

Polaris Stock Performance

Polaris stock traded down $2.08 during trading hours on Friday, hitting $57.87. 1,037,442 shares of the stock traded hands, compared to its average volume of 1,676,627. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The firm's 50 day moving average price is $53.38 and its 200-day moving average price is $44.21. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -30.82 and a beta of 1.08. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $86.51.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.35. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.6%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Polaris 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.