Canada Pension Plan Investment Board Takes $77.82 Million Position in Polaris Inc. $PII

Key Points

• Canada Pension Plan Investment Board purchased 1.14 million Polaris shares worth approximately $77.8 million, giving it a 2.0% stake. Institutional investors collectively own 88.06% of the company.
• Polaris reported quarterly earnings of $1.97 per share, exceeding estimates of $0.76, while revenue rose 9.2% year over year to $2.02 billion. The company issued fiscal 2026 EPS guidance of $3.00–$3.10.
• Polaris declared a quarterly dividend of $0.68 per share, equivalent to a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating with a $67 price target, compared with the stock’s recent price of $63.81.

Canada Pension Plan Investment Board purchased a new position in Polaris Inc. (NYSE:PII - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,137,008 shares of the company's stock, valued at approximately $77,817,000. Canada Pension Plan Investment Board owned 2.00% of Polaris as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PII. Jefferies Financial Group Inc. acquired a new position in Polaris during the 4th quarter valued at about $10,778,000. Strs Ohio boosted its holdings in Polaris by 17,000.0% in the fourth quarter. Strs Ohio now owns 51,300 shares of the company's stock worth $3,245,000 after acquiring an additional 51,000 shares in the last quarter. Comerica Bank boosted its holdings in Polaris by 173.4% in the fourth quarter. Comerica Bank now owns 41,939 shares of the company's stock worth $2,653,000 after acquiring an additional 26,601 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Polaris by 60.8% during the first quarter. Principal Financial Group Inc. now owns 186,166 shares of the company's stock worth $10,146,000 after acquiring an additional 70,421 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Polaris by 87.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,937 shares of the company's stock worth $1,905,000 after acquiring an additional 16,252 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of NYSE:PII opened at $63.81 on Thursday. 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 1 year low of $47.14 and a 1 year high of $77.98. The firm has a market capitalization of $3.63 billion, a PE ratio of -13.78 and a beta of 1.26. The business's 50 day moving average price is $68.96 and its 200-day moving average price is $64.18.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $1.21. The firm 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%. Polaris's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted ($1.39) earnings per share. 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 fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris's dividend payout ratio (DPR) is presently -58.75%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. KeyCorp reaffirmed a "sector weight" rating on shares of Polaris in a research report on Wednesday, July 29th. Weiss Ratings raised Polaris from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Polaris from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 21st. Bank of America reaffirmed a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Morgan Stanley decreased their price objective on shares of Polaris from $74.00 to $69.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $67.00.

Polaris 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.

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