Pallas Capital Advisors LLC Makes New $709,000 Investment in Polaris Inc. $PII

Pallas Capital Advisors LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,363 shares of the company’s stock, valued at approximately $709,000.

Other hedge funds have also recently made changes to their positions in the company. Auto Owners Insurance Co raised its holdings in shares of Polaris by 6,225.0% in 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 last quarter. State Street Corp boosted its stake in Polaris by 15.7% during the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after purchasing an additional 426,482 shares during the last quarter. AQR Capital Management LLC boosted its stake in Polaris by 30.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after purchasing an additional 528,300 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after purchasing an additional 1,204,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Polaris by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company’s stock worth $84,269,000 after purchasing an additional 107,109 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PII. Morgan Stanley dropped their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Wells Fargo & Company upped their price target on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Citigroup increased their price target on Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Polaris Trading Down 2.4%

NYSE:PII opened at $66.00 on Thursday. 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. The firm’s 50 day moving average is $69.54 and its 200 day moving average is $64.27. The stock has a market capitalization of $3.76 billion, a PE ratio of -14.26 and a beta of 1.26.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share 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 analyst estimates of $1.95 billion. During the same period in the prior year, the company earned ($1.39) earnings per share. Polaris’s 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. Sell-side analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.1%. Polaris’s dividend payout ratio is presently -58.75%.

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.