Quantbot Technologies LP Takes Position in Polaris Inc. $PII

Quantbot Technologies LP acquired a new position in Polaris Inc. (NYSE:PII) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,780 shares of the company’s stock, valued at approximately $875,000.

Several other institutional investors also recently modified their holdings of PII. Kemnay Advisory Services Inc. bought a new stake in shares of Polaris during the 4th quarter valued at $27,000. Danske Bank A S lifted its holdings in Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Polaris by 471.0% in the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Polaris during the 4th quarter valued at $40,000. Finally, Bard Associates Inc. bought a new stake in shares of Polaris during the 4th quarter valued at $46,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Up 0.4%

Shares of PII opened at $63.81 on Thursday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.78 and a beta of 1.26. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The business’s 50 day simple moving average is $68.96 and its 200-day simple moving average is $64.18. 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 (NYSE:PII) last posted its earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company 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. As a group, equities analysts expect that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is presently -58.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PII shares. Robert W. Baird upped their target price on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their price target on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lifted their target price on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.00.

About Polaris

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.