Intech Investment Management LLC Acquires 8,197 Shares of Polaris Inc. $PII

Intech Investment Management LLC grew its holdings in shares of Polaris Inc. (NYSE:PII) by 48.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,136 shares of the company’s stock after buying an additional 8,197 shares during the period. Intech Investment Management LLC’s holdings in Polaris were worth $1,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. IFG Advisory LLC grew its stake in shares of Polaris by 4.5% during the fourth quarter. IFG Advisory LLC now owns 53,550 shares of the company’s stock valued at $3,387,000 after buying an additional 2,298 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Polaris during the fourth quarter valued at approximately $3,421,000. Hantz Financial Services Inc. grew its stake in shares of Polaris by 51.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,909 shares of the company’s stock valued at $247,000 after buying an additional 1,329 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Polaris during the fourth quarter valued at approximately $202,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Polaris during the fourth quarter valued at approximately $10,778,000. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Up 1.2%

Shares of NYSE PII opened at $69.11 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -8.81 and a beta of 1.26. The stock has a 50 day moving average price of $61.64 and a 200 day moving average price of $63.45. Polaris Inc. has a 52-week low of $38.42 and a 52-week high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.Polaris’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Sell-side analysts expect that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.68 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.9%. Polaris’s payout ratio is presently -34.69%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Robert W. Baird upped their target price on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup upped their target price on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wells Fargo & Company upped their target price on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.44.

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.