Bank of New York Mellon Corp Increases Stock Holdings in Polaris Inc. $PII

Bank of New York Mellon Corp grew its stake in Polaris Inc. (NYSE:PII) by 51.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,151,301 shares of the company’s stock after purchasing an additional 391,209 shares during the period. Bank of New York Mellon Corp’s holdings in Polaris were worth $46,800,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Allworth Financial LP grew its position in Polaris by 7,462.5% in the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company’s stock valued at $50,000 after buying an additional 1,194 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Polaris by 39.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock worth $57,000 after acquiring an additional 397 shares during the period. UMB Bank n.a. lifted its stake in shares of Polaris by 79.0% in the 2nd quarter. UMB Bank n.a. now owns 1,441 shares of the company’s stock worth $59,000 after acquiring an additional 636 shares during the period. Opal Wealth Advisors LLC boosted its holdings in shares of Polaris by 91.4% in the second quarter. Opal Wealth Advisors LLC now owns 1,638 shares of the company’s stock valued at $67,000 after acquiring an additional 782 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Polaris by 21,325.0% during the second quarter. Hantz Financial Services Inc. now owns 1,714 shares of the company’s stock worth $70,000 after acquiring an additional 1,706 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Up 0.9%

Shares of NYSE PII opened at $65.25 on Wednesday. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $75.25. The company has a market capitalization of $3.67 billion, a PE ratio of -24.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.37. The firm’s 50-day moving average is $62.46 and its two-hundred day moving average is $51.42.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company posted $0.73 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS. Equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, December 1st. Polaris’s payout ratio is -101.13%.

Wall Street Analyst Weigh In

PII has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wall Street Zen raised Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Roth Capital lifted their price target on Polaris from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Citigroup upped their price objective on Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Robert W. Baird raised their target price on Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Polaris has an average rating of “Hold” and an average price target of $54.91.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.