Polaris Inc. $PII Stock Position Decreased by Royal Bank of Canada

Royal Bank of Canada reduced its holdings in Polaris Inc. (NYSE:PII) by 11.9% during the 1st quarter, Holdings Channel reports. The fund owned 94,157 shares of the company’s stock after selling 12,733 shares during the quarter. Royal Bank of Canada’s holdings in Polaris were worth $5,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in PII. Goldman Sachs Group Inc. lifted its holdings in shares of Polaris by 677.2% in the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock valued at $22,283,000 after purchasing an additional 474,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Polaris by 27.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock worth $7,504,000 after buying an additional 39,584 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Polaris by 65.4% in the 2nd quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock worth $666,000 after purchasing an additional 6,475 shares during the last quarter. Prudential Financial Inc. raised its holdings in Polaris by 17.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock worth $339,000 after acquiring an additional 1,259 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Polaris by 43.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock valued at $140,000 after buying an additional 1,037 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PII has been the topic of a number of research reports. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Bank of America reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Morgan Stanley lowered their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company raised their price objective on Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.00.

Polaris Stock Performance

PII stock opened at $68.46 on Thursday. 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 Inc. has a 1-year low of $47.14 and a 1-year high of $77.98. The stock has a 50-day moving average price of $69.52 and a 200-day moving average price of $64.23. The firm has a market cap of $3.90 billion, a PE ratio of -14.79 and a beta of 1.26.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted ($1.39) earnings per share. 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. As a group, equities research analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.0%. Polaris’s dividend payout ratio (DPR) 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.