Ieq Capital LLC Makes New $6.54 Million Investment in Polaris Inc. $PII

Ieq Capital LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 95,591 shares of the company’s stock, valued at approximately $6,542,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Polaris during the second quarter valued at $654,000. NFJ Investment Group LLC bought a new position in Polaris in the second quarter valued at about $3,424,000. Vise Technologies Inc. acquired a new stake in Polaris in the second quarter worth about $460,000. Meeder Advisory Services Inc. acquired a new stake in Polaris in the second quarter worth about $436,000. Finally, Tiemann Investment Advisors LLC bought a new stake in Polaris during the 2nd quarter worth about $243,000. Institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 0.1%

Shares of NYSE PII opened at $64.31 on Monday. Polaris Inc. has a twelve month low of $47.14 and a twelve month high of $77.98. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -13.89 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 company’s fifty day moving average is $69.30 and its 200-day moving average is $64.27.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities research analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio is -58.75%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Roth Capital reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. KeyCorp restated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.