Wellington Management Group LLP Grows Position in Polaris Inc. $PII

Key Points

• Wellington Management increased its Polaris stake by 78.5% in the second quarter, bringing its holdings to 243,452 shares worth approximately $16.7 million. Institutional investors collectively own 88.06% of Polaris.
• Polaris reported quarterly earnings of $1.97 per share, beating estimates by $1.21, while revenue rose 9.2% year over year to $2.02 billion. The company issued fiscal 2026 EPS guidance of $3.00–$3.10.
• Shares opened at $62.43, while analysts maintain a consensus “Hold” rating and a $67 price target. Polaris also declared a quarterly dividend of $0.68 per share, representing a 4.4% annualized yield.

Wellington Management Group LLP raised its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 78.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 243,452 shares of the company's stock after purchasing an additional 107,046 shares during the period. Wellington Management Group LLP owned 0.43% of Polaris worth $16,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PII. Convergence Investment Partners LLC lifted its position in shares of Polaris by 1.1% during the 1st quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company's stock valued at $861,000 after buying an additional 169 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Polaris by 1.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company's stock worth $678,000 after acquiring an additional 194 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Polaris by 2.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,211 shares of the company's stock worth $767,000 after acquiring an additional 273 shares in the last quarter. State of Michigan Retirement System raised its stake in Polaris by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 12,879 shares of the company's stock worth $702,000 after acquiring an additional 300 shares during the period. Finally, Parallel Advisors LLC raised its stake in Polaris by 12.4% during the 1st quarter. Parallel Advisors LLC now owns 2,990 shares of the company's stock worth $163,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Trading Down 0.1%

PII stock opened at $62.43 on Monday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98. The business has a 50 day simple moving average of $67.82 and a two-hundred day simple moving average of $63.95. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -13.48 and a beta of 1.27.

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

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 4.4%. The ex-dividend date is Tuesday, September 1st. Polaris's payout ratio is currently -58.75%.

Wall Street Analyst Weigh In

PII has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Polaris from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Robert W. Baird raised their price objective on shares of Polaris from $70.00 to $72.00 and gave the company a "neutral" rating 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. Royal Bank Of Canada upped their target price on shares of Polaris from $65.00 to $75.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Finally, Bank of America reiterated a "neutral" rating on shares of Polaris in a research note on Wednesday, July 29th. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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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