Goldman Sachs Group Inc. Has $122.06 Million Position in Polaris Inc. $PII

Goldman Sachs Group Inc. lifted its stake in shares of Polaris Inc. (NYSE:PII) by 166.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,929,773 shares of the company’s stock after buying an additional 1,204,405 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Polaris were worth $122,058,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Danske Bank A S lifted its position in shares of Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Polaris during the fourth quarter worth $40,000. Canada Pension Plan Investment Board acquired a new position in Polaris during the second quarter worth $73,000. FNY Investment Advisers LLC bought a new position in shares of Polaris in the fourth quarter valued at $75,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Polaris by 34.1% in the second quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock valued at $76,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wells Fargo & Company raised their price target on shares of Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Citigroup upped their price objective on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus target price of $64.44.

Polaris Stock Performance

Shares of PII stock opened at $67.69 on Tuesday. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of -8.63 and a beta of 1.26. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The firm’s 50-day simple moving average is $62.05 and its two-hundred day simple moving average is $63.51. Polaris Inc. has a 52 week low of $38.42 and a 52 week high of $75.25.

Polaris (NYSE:PII) last posted its earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, equities analysts forecast that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.68 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.0%. Polaris’s dividend payout ratio (DPR) is presently -34.69%.

Polaris 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.