Havemeyer Place LP Invests $470,000 in Polaris Inc. $PII

Havemeyer Place LP acquired a new position in shares of Polaris Inc. (NYSE:PII) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,428 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PII. AQR Capital Management LLC grew its position in shares of Polaris by 564.8% during the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after buying an additional 1,489,157 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Polaris by 166.0% during the fourth 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 in the last quarter. State Street Corp grew its position in shares of Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after buying an additional 426,482 shares in the last quarter. Holocene Advisors LP grew its position in shares of Polaris by 184.3% during the second quarter. Holocene Advisors LP now owns 464,469 shares of the company’s stock worth $18,881,000 after buying an additional 301,105 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after buying an additional 282,570 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock opened at $69.61 on Wednesday. The business has a 50 day moving average price of $62.36 and a 200 day moving average price of $63.57. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of -8.88 and a beta of 1.26. Polaris Inc. has a fifty-two week low of $38.42 and a fifty-two week high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.

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

Polaris Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings cut Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wells Fargo & Company boosted their target price on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Zacks Research cut Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.44.

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.