Man Group plc Acquires New Position in Polaris Inc. $PII

Man Group plc bought a new stake in Polaris Inc. (NYSE:PII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,095 shares of the company’s stock, valued at approximately $4,729,000. Man Group plc owned 0.12% of Polaris as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PII. Auto Owners Insurance Co grew its position in shares of Polaris by 6,225.0% during the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock worth $4,140,582,000 after buying an additional 64,428,750 shares in the last quarter. BlackRock Inc. acquired a new stake in Polaris during the second quarter worth about $501,360,000. AQR Capital Management LLC boosted its stake in shares of Polaris by 564.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after acquiring an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Polaris in the 4th quarter valued at $81,447,000. Finally, Goldman Sachs Group Inc. increased its stake in Polaris by 166.0% during the 4th 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. 88.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PII. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating 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 on the stock in a research note on Tuesday, May 19th. KeyCorp reiterated a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price objective 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. 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 issued a Sell rating to the stock. According to data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus target price of $67.00.

Polaris Price Performance

Shares of NYSE:PII opened at $63.87 on Monday. 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 has a market cap of $3.63 billion, a price-to-earnings ratio of -13.79 and a beta of 1.26. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The business has a fifty day simple moving average of $68.67 and a 200 day simple moving average of $64.11.

Polaris (NYSE:PII) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned ($1.39) EPS. Polaris’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, sell-side analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

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

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.