Renaissance Technologies LLC Increases Stock Holdings in Polaris Inc. $PII

Renaissance Technologies LLC boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 87.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,800 shares of the company’s stock after acquiring an additional 105,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Polaris were worth $12,306,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Convergence Investment Partners LLC boosted its holdings in Polaris by 1.1% during the 1st quarter. Convergence Investment Partners LLC now owns 15,798 shares of the company’s stock valued at $861,000 after acquiring an additional 169 shares during the period. Keybank National Association OH lifted its stake in Polaris by 1.9% in the fourth quarter. Keybank National Association OH now owns 9,872 shares of the company’s stock valued at $624,000 after buying an additional 184 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Polaris by 1.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,726 shares of the company’s stock valued at $678,000 after purchasing an additional 194 shares during the period. Danske Bank A S increased its position in Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Polaris by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,938 shares of the company’s stock valued at $596,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

PII opened at $66.96 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.48 and a current ratio of 1.20. The stock has a market capitalization of $3.81 billion, a PE ratio of -14.46 and a beta of 1.25. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98. The company’s 50 day simple moving average is $69.20 and its 200 day simple moving average is $64.23.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.21. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts expect that Polaris Inc. will post 2.92 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s payout ratio is currently -58.75%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup increased their price objective on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research note on Wednesday. Wells Fargo & Company upped their target price on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank Of Canada raised their price target on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.