Man Group plc Purchases New Position in Polaris Inc. $PII

Man Group plc purchased a new stake in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 69,095 shares of the company’s stock, valued at approximately $4,729,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Auto Owners Insurance Co lifted its stake in Polaris by 6,225.0% during the fourth 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 during the last quarter. BlackRock Inc. purchased a new stake in Polaris in the second quarter worth $501,360,000. AQR Capital Management LLC raised its stake in Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after buying an additional 1,489,157 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Polaris during the 4th quarter valued at $81,447,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Polaris by 166.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after buying an additional 1,204,405 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 0.1%

NYSE PII opened at $63.87 on Monday. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The firm has a 50-day moving average price of $68.67 and a 200 day moving average price of $64.11. The stock has a market capitalization of $3.63 billion, a P/E ratio of -13.79 and a beta of 1.26. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98.

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

Polaris Dividend Announcement

The business also recently disclosed 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 of this dividend is Tuesday, September 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.3%. Polaris’s dividend payout ratio is currently -58.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. KeyCorp reissued a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Morgan Stanley decreased their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada boosted their price objective on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently 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.