Hsbc Holdings PLC Increases Position in Polaris Inc. $PII

Hsbc Holdings PLC lifted its stake in Polaris Inc. (NYSE:PII) by 209.0% during the first quarter, HoldingsChannel.com reports. The firm owned 53,312 shares of the company’s stock after purchasing an additional 36,061 shares during the quarter. Hsbc Holdings PLC’s holdings in Polaris were worth $2,930,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co increased its holdings in shares of Polaris by 6,225.0% during the fourth quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after acquiring an additional 64,428,750 shares in the last quarter. AQR Capital Management LLC increased its stake in Polaris by 564.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock valued at $70,673,000 after purchasing an additional 1,489,157 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Polaris in the fourth quarter worth approximately $81,447,000. Goldman Sachs Group Inc. grew its holdings 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 valued at $122,058,000 after buying an additional 1,204,405 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Polaris by 79.2% during the fourth quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock valued at $67,419,000 after buying an additional 471,106 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PII. Citigroup boosted their price objective on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Polaris in a research note on Tuesday, July 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, 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 report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $65.00.

Polaris Stock Up 0.6%

PII stock opened at $73.00 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of -9.31 and a beta of 1.25. 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 business’s 50-day moving average is $68.66 and its two-hundred day moving average is $64.25. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $75.25.

Polaris (NYSE:PII) last released 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. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted ($0.90) EPS. The business’s quarterly 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. As a group, analysts forecast that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.68 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.72 annualized dividend and a yield of 3.7%. Polaris’s dividend payout ratio (DPR) is presently -34.69%.

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.