Daiwa Securities Group Inc. Acquires New Holdings in Polaris Inc. $PII

Daiwa Securities Group Inc. bought a new stake in Polaris Inc. (NYSE:PII) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,525 shares of the company’s stock, valued at approximately $720,000.

A number of other institutional investors also recently made changes to their positions in the stock. Auto Owners Insurance Co increased its stake 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 during the period. AQR Capital Management LLC raised its stake in shares of Polaris by 564.8% in the 2nd 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. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Polaris in the fourth quarter valued at $81,447,000. Goldman Sachs Group Inc. boosted its stake in 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 in the last quarter. Finally, Invesco Ltd. grew its holdings in Polaris by 79.2% during the fourth quarter. Invesco Ltd. now owns 1,065,910 shares of the company’s stock worth $67,419,000 after acquiring an additional 471,106 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PII has been the subject of several research reports. Royal Bank Of Canada raised their price objective on shares of Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Citigroup raised their price objective on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Bank of America reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.00.

Polaris Trading Up 0.8%

NYSE:PII opened at $69.22 on Friday. The stock has a market cap of $3.94 billion, a PE ratio of -14.95 and a beta of 1.26. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week 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 50-day moving average is $69.58 and its two-hundred day moving average is $64.26.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $0.76 by $1.21. The business 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 firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities research analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

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