Pallas Capital Advisors LLC Takes $709,000 Position in Polaris Inc. $PII

Pallas Capital Advisors LLC purchased a new position in shares of Polaris Inc. (NYSE:PII) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,363 shares of the company’s stock, valued at approximately $709,000.

Several other institutional investors also recently modified their holdings of PII. Deutsche Bank AG acquired a new stake in Polaris in the second quarter valued at $4,045,000. Bank of New York Mellon Corp acquired a new position in Polaris during the 2nd quarter worth about $43,780,000. Focus Partners Advisor Solutions LLC acquired a new position in Polaris during the 2nd quarter worth about $739,000. State of Wyoming bought a new stake in shares of Polaris in the 2nd quarter valued at about $152,000. Finally, Mirabella Financial Services LLP grew its position in shares of Polaris by 101.0% in the 2nd quarter. Mirabella Financial Services LLP now owns 8,733 shares of the company’s stock valued at $598,000 after buying an additional 4,388 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE PII opened at $66.00 on Thursday. The firm’s 50-day moving average price is $69.54 and its 200-day moving average price is $64.27. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98. The firm has a market capitalization of $3.76 billion, a P/E ratio of -14.26 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned ($1.39) EPS. The business’s revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities research analysts anticipate 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. Shareholders of record on Tuesday, September 1st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is -58.75%.

Wall Street Analyst Weigh In

PII has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. 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 report on Wednesday, July 29th. Royal Bank Of Canada increased their target price 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. Bank of America restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Citigroup boosted their price target on shares of Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.