253,857 Shares in Polaris Inc. $PII Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 253,857 Polaris shares worth approximately $17.4 million, representing about 0.45% of the company. Institutional investors and hedge funds collectively own 88.06% of Polaris.
• Polaris reported quarterly EPS of $1.97, well above the $0.76 analyst consensus, while revenue rose 9.2% year over year to $2.02 billion. The company guided to fiscal 2026 EPS of $3.00–$3.10.
• Polaris pays a quarterly dividend of $0.68, equating to an annualized $2.72 payout and a 5.2% yield. Analysts maintain an overall “Hold” rating, with an average price target of $66.67.

Bank of America Corp DE acquired a new stake in Polaris Inc. (NYSE:PII - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 253,857 shares of the company's stock, valued at approximately $17,374,000. Bank of America Corp DE owned about 0.45% of Polaris at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PII. Elevation Wealth Partners LLC boosted its holdings in shares of Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company's stock valued at $39,000 after acquiring an additional 471 shares in the last quarter. Bard Associates Inc. bought a new stake in shares of Polaris during the fourth quarter worth about $46,000. Hilton Head Capital Partners LLC acquired a new position in shares of Polaris in the fourth quarter valued at approximately $52,000. Versant Capital Management Inc increased its stake in shares of Polaris by 128.1% in the second quarter. Versant Capital Management Inc now owns 949 shares of the company's stock valued at $65,000 after buying an additional 533 shares during the period. Finally, SHP Wealth Management bought a new position in Polaris in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 1.1%

Polaris stock opened at $52.36 on Friday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -11.31 and a beta of 1.27. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. The firm has a 50 day moving average price of $64.97 and a two-hundred day moving average price of $63.51.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $1.21. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 5.2%. Polaris's dividend payout ratio (DPR) is -58.75%.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research reports. Weiss Ratings raised shares of Polaris from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. Bank of America reiterated a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on shares of Polaris from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. UBS Group decreased their price objective on Polaris from $67.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, September 18th. Finally, Robert W. Baird raised their target price on Polaris from $70.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Polaris currently has an average rating of "Hold" and an average price target of $66.67.

About Polaris

Polaris Inc is a powersports manufacturer headquartered in Medina, Minnesota. Founded in 1954 in Roseau, Minnesota, the company initially focused on snowmobiles and has since expanded into a broad range of recreational and utility vehicles.

Polaris develops and sells off-road vehicles, including all-terrain vehicles and side-by-side models for recreational, agricultural, commercial, and government applications. Its product portfolio includes the RZR, Ranger, General, and Sportsman lines, as well as snowmobiles, motorcycles, and three-wheeled roadsters sold under the Indian Motorcycle and Slingshot brands.

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc. (NYSE:PII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.