Bank of America Corp DE Acquires 104,302 Shares of Polaris Inc. $PII

Key Points

• Bank of America increased its Polaris stake by 30.5% in the first quarter, adding 104,302 shares to own 445,717 shares worth approximately $24.3 million. Institutional investors and hedge funds collectively hold 88.06% of Polaris shares.
• Wall Street maintains a cautious outlook, with a consensus “Hold” rating and an average price target of $67, below Polaris’s reported opening price of $68.27.
• Polaris exceeded quarterly expectations, reporting $1.97 in earnings per share and $2.02 billion in revenue, while revenue rose 9.2% year over year. The company also declared a quarterly dividend of $0.68 per share, representing a 4.0% annualized yield.

Bank of America Corp DE lifted its stake in Polaris Inc. (NYSE:PII - Free Report) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,717 shares of the company's stock after acquiring an additional 104,302 shares during the period. Bank of America Corp DE owned approximately 0.78% of Polaris worth $24,292,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Auto Owners Insurance Co increased its position 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 purchasing an additional 64,428,750 shares during the period. State Street Corp lifted its holdings in shares of Polaris by 15.7% during the 2nd quarter. State Street Corp now owns 3,137,866 shares of the company's stock worth $127,554,000 after acquiring an additional 426,482 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Polaris by 30.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company's stock worth $132,600,000 after acquiring an additional 528,300 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company's stock valued at $122,058,000 after acquiring an additional 1,204,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Polaris by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,546,260 shares of the company's stock valued at $84,269,000 after acquiring an additional 107,109 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PII shares. Wells Fargo & Company upped their price objective on Polaris from $65.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Raymond James Financial reaffirmed an "outperform" rating on shares of Polaris in a report on Wednesday, April 29th. Roth Capital reiterated a "neutral" rating on shares of Polaris in a research report on Wednesday, July 29th. Morgan Stanley reduced their price objective on Polaris from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 19th. Finally, Robert W. Baird increased their target price on Polaris from $70.00 to $72.00 and gave the stock a "neutral" rating in a 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $67.00.

Polaris Trading Down 1.8%

Shares of NYSE PII opened at $68.27 on Tuesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The company's 50 day simple moving average is $69.59 and its 200 day simple moving average is $64.24. The firm has a market capitalization of $3.88 billion, a P/E ratio of -14.75 and a beta of 1.26.

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

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris's dividend payout ratio (DPR) is currently -58.75%.

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.

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