Connor Clark & Lunn Investment Management Ltd. Buys Shares of 413,173 Polaris Inc. $PII

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, HoldingsChannel reports. The firm bought 413,173 shares of the company’s stock, valued at approximately $28,278,000.

Other large investors have also recently made changes to their positions in the company. PEAK6 LLC purchased a new position in shares of Polaris in the second quarter valued at $219,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Polaris during the 2nd quarter worth about $9,118,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Polaris during the 2nd quarter worth about $123,000. Quantbot Technologies LP bought a new position in Polaris in the 2nd quarter worth about $875,000. Finally, EP Wealth Advisors LLC bought a new position in Polaris in the 2nd quarter worth about $646,000. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

Polaris stock opened at $64.37 on Tuesday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -13.90 and a beta of 1.26. 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 business has a 50-day simple moving average of $69.19 and a 200 day simple moving average of $64.25. Polaris Inc. has a 52 week low of $47.14 and a 52 week high of $77.98.

Polaris (NYSE:PII) last issued its quarterly 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 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 quarter last year, the company posted ($1.39) EPS. The company’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, research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.68 dividend. 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 4.2%. Polaris’s dividend payout ratio is presently -58.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PII shares. Morgan Stanley reduced their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada raised their price objective on shares of Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.00.

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.