Freestone Grove Partners LP Invests $5.90 Million in Polaris Inc. $PII

Freestone Grove Partners LP bought a new position in Polaris Inc. (NYSE:PII) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 86,230 shares of the company’s stock, valued at approximately $5,902,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Auto Owners Insurance Co boosted 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 purchasing an additional 64,428,750 shares in the last quarter. BlackRock Inc. bought a new position in Polaris during the 2nd quarter worth approximately $501,360,000. AQR Capital Management LLC increased its stake in shares of Polaris by 564.8% in the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after buying an additional 1,489,157 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Polaris in the fourth quarter valued at about $81,447,000. Finally, 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 valued at $122,058,000 after purchasing an additional 1,204,405 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

PII stock opened at $63.87 on Friday. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The stock’s fifty day moving average price is $68.67 and its 200-day moving average price is $64.14. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The company has a market cap of $3.63 billion, a P/E ratio of -13.79 and a beta of 1.26.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted ($1.39) earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 1st. Polaris’s payout ratio is -58.75%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Finally, Citigroup lifted their price target on shares of Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.00.

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.