Bank of New York Mellon Corp Has $35.81 Million Stock Holdings in Polaris Inc. $PII

Bank of New York Mellon Corp trimmed its stake in shares of Polaris Inc. (NYSE:PII) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,075 shares of the company’s stock after selling 10,397 shares during the period. Bank of New York Mellon Corp owned about 1.15% of Polaris worth $35,811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PII. State of Michigan Retirement System raised its holdings in shares of Polaris by 2.4% during the first quarter. State of Michigan Retirement System now owns 12,879 shares of the company’s stock valued at $702,000 after acquiring an additional 300 shares during the period. Principal Financial Group Inc. lifted its position in shares of Polaris by 60.8% in the 1st quarter. Principal Financial Group Inc. now owns 186,166 shares of the company’s stock valued at $10,146,000 after acquiring an additional 70,421 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Polaris by 24.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 4,605 shares of the company’s stock worth $270,000 after purchasing an additional 913 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in Polaris by 87.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,937 shares of the company’s stock worth $1,905,000 after purchasing an additional 16,252 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Polaris by 1,201.4% during the 1st quarter. Fifth Third Bancorp now owns 15,018 shares of the company’s stock worth $818,000 after purchasing an additional 13,864 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 0.6%

Polaris stock opened at $73.00 on Friday. Polaris Inc. has a 12 month low of $47.14 and a 12 month high of $75.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The stock has a market cap of $4.15 billion, a P/E ratio of -9.31 and a beta of 1.25. The company’s fifty day simple moving average is $68.66 and its 200-day simple moving average is $64.25.

Polaris (NYSE:PII) last released its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned ($0.90) earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, sell-side analysts forecast that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s payout ratio is currently -34.69%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PII shares. Robert W. Baird increased their target price on Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup lifted their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley reduced their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Roth Capital restated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.00.

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.