State Street Corp Has $184.31 Million Stock Holdings in Polaris Inc. $PII

Key Points

• State Street increased its Polaris stake by 4.7% in the second quarter, holding 2.69 million shares worth approximately $184.3 million, or 4.73% of the company. Institutional investors and hedge funds collectively own 88.06% of Polaris.
• Polaris reported quarterly revenue of $2.02 billion and earnings of $1.97 per share, significantly exceeding analyst expectations. The company also declared a quarterly dividend of $0.68, equivalent to a 5.1% annualized yield.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $66.67; Polaris shares recently opened at $52.99 and have traded between $47.14 and $77.98 over the past year.

State Street Corp increased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,692,541 shares of the company's stock after buying an additional 121,031 shares during the quarter. State Street Corp owned 4.73% of Polaris worth $184,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Polaris by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,152 shares of the company's stock valued at $3,364,000 after purchasing an additional 947 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Polaris during the second quarter worth approximately $259,000. Integrated Wealth Concepts LLC grew its position in Polaris by 23.0% during the second quarter. Integrated Wealth Concepts LLC now owns 5,126 shares of the company's stock valued at $351,000 after purchasing an additional 959 shares in the last quarter. NewEdge Advisors LLC grew its position in Polaris by 136.5% during the second quarter. NewEdge Advisors LLC now owns 4,406 shares of the company's stock valued at $302,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Polaris by 11.7% in the 2nd quarter. Allworth Financial LP now owns 9,550 shares of the company's stock valued at $654,000 after buying an additional 1,004 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

PII stock opened at $52.99 on Thursday. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -11.45 and a beta of 1.27. Polaris Inc. has a 12 month low of $47.14 and a 12 month high of $77.98. The firm has a 50 day moving average of $65.40 and a two-hundred day moving average of $63.52.

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

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.1%. Polaris's payout ratio is currently -58.75%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Polaris from $73.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, September 9th. Bank of America restated a "neutral" rating on shares of Polaris in a report on Wednesday, July 29th. Royal Bank Of Canada increased their price objective on Polaris from $65.00 to $75.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. KeyCorp reiterated a "sector weight" rating on shares of Polaris in a report on Wednesday, July 29th. Finally, UBS Group reduced their price objective on Polaris from $67.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, September 18th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $66.67.

Polaris Company Profile

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.

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