Corient Private Wealth LP Makes New $2.28 Million Investment in Polaris Inc. $PII

Corient Private Wealth LP acquired a new stake in Polaris Inc. (NYSE:PII) during the second quarter, HoldingsChannel reports. The firm acquired 33,310 shares of the company’s stock, valued at approximately $2,280,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PII. Jefferies Financial Group Inc. acquired a new position in Polaris in the 4th quarter valued at about $10,778,000. Strs Ohio raised its stake in Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock valued at $3,245,000 after acquiring an additional 51,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in Polaris by 60.8% during the 1st quarter. Principal Financial Group Inc. now owns 186,166 shares of the company’s stock worth $10,146,000 after acquiring an additional 70,421 shares during the period. Auto Owners Insurance Co lifted its position in Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock worth $4,140,582,000 after acquiring an additional 64,428,750 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Polaris by 87.1% in the 1st quarter. Renaissance Technologies LLC now owns 225,800 shares of the company’s stock valued at $12,306,000 after purchasing an additional 105,100 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

NYSE PII opened at $61.77 on Thursday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -13.34 and a beta of 1.27. The business’s 50 day moving average is $68.25 and its two-hundred day moving average is $64.02. Polaris Inc. has a 12-month low of $47.14 and a 12-month high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned ($1.39) EPS. The company’s quarterly revenue 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 expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.4%. Polaris’s dividend payout ratio (DPR) is -58.75%.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent research reports. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Robert W. Baird increased their price target on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Citigroup lifted their price objective on shares of Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.