Wellington Management Group LLP Acquires New Shares in Polaris Inc. $PII

Wellington Management Group LLP purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,936 shares of the company's stock, valued at approximately $202,000.

Several other large investors also recently bought and sold shares of PII. RWWM Inc. increased its holdings in Polaris by 169.2% during the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock worth $98,053,000 after purchasing an additional 1,505,351 shares during the period. Invesco Ltd. increased its holdings in shares of Polaris by 352.5% in the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company's stock valued at $36,959,000 after acquiring an additional 703,240 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Polaris by 25,682.0% in the 1st quarter. GAMMA Investing LLC now owns 249,570 shares of the company's stock valued at $10,217,000 after acquiring an additional 248,602 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Polaris by 150.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,391 shares of the company's stock valued at $16,597,000 after acquiring an additional 243,595 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Polaris by 73.2% in the 4th quarter. Ameriprise Financial Inc. now owns 404,001 shares of the company's stock valued at $23,279,000 after acquiring an additional 170,739 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

Polaris stock traded up $1.19 during mid-day trading on Friday, reaching $59.14. 1,239,913 shares of the company were exchanged, compared to its average volume of 1,301,085. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $86.51. The firm's 50-day simple moving average is $52.21 and its two-hundred day simple moving average is $43.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The firm has a market cap of $3.32 billion, a PE ratio of -31.46 and a beta of 1.08.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the firm earned $1.38 EPS. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. Equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. BMO Capital Markets reiterated a "market perform" rating and issued a $52.00 price objective (up previously from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Robert W. Baird increased their price objective on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Citigroup reiterated a "sell" rating and issued a $27.00 price objective (up previously from $23.00) on shares of Polaris in a report on Monday, June 16th. Finally, Roth Capital raised their price target on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.33.

Polaris Company 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.