Connor Clark & Lunn Investment Management Ltd. Acquires 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, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 413,173 shares of the company’s stock, valued at approximately $28,278,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.73% of Polaris as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PEAK6 LLC purchased a new stake in shares of Polaris during the second quarter valued at approximately $219,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Polaris in the second quarter worth $9,118,000. Northwestern Mutual Wealth Management Co. purchased a new position in Polaris in the second quarter worth $123,000. Quantbot Technologies LP bought a new position in Polaris in the 2nd quarter valued at $875,000. Finally, EP Wealth Advisors LLC bought a new position in Polaris in the 2nd quarter valued at $646,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII opened at $64.37 on Tuesday. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The stock’s fifty day moving average price is $69.19 and its two-hundred day moving average price is $64.25. The firm has a market cap of $3.66 billion, a PE ratio of -13.90 and a beta of 1.26.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned ($1.39) EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, equities research analysts forecast that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is currently -58.75%.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Raymond James Financial restated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average 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.