PDT Partners LLC Purchases Shares of 39,765 Polaris Inc. $PII

PDT Partners LLC purchased a new stake in Polaris Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 39,765 shares of the company’s stock, valued at approximately $2,722,000.

Several other large investors also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in Polaris in the 4th quarter worth $27,000. Danske Bank A S increased its holdings in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Polaris by 471.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 471 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris in the 4th quarter valued at about $40,000. Finally, Bard Associates Inc. bought a new stake in shares of Polaris in the fourth quarter valued at about $46,000. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

NYSE PII opened at $63.81 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The firm’s fifty day moving average price is $68.96 and its two-hundred day moving average price is $64.18. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The firm has a market capitalization of $3.63 billion, a P/E ratio of -13.78 and a beta of 1.26.

Polaris (NYSE:PII) last announced its quarterly 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 negative net margin of 3.50% and a positive return on equity of 16.77%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted ($1.39) earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PII. Wells Fargo & Company upped their price objective on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted 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. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Citigroup raised 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. Finally, Robert W. Baird lifted their price objective on shares of Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.