First Citizens Bank & Trust Co. Buys New Stake in Polaris Inc. $PII

First Citizens Bank & Trust Co. bought a new stake in Polaris Inc. (NYSE:PII) during the second quarter, according to its most recent filing with the SEC. The firm bought 12,749 shares of the company’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PII. Select Equity Group L.P. grew its position in Polaris by 142.1% in the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Invesco Ltd. grew its position in Polaris by 352.5% in the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock worth $36,959,000 after purchasing an additional 703,240 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Polaris by 12,099.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company’s stock worth $21,016,000 after purchasing an additional 509,135 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Polaris by 677.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after purchasing an additional 474,259 shares during the last quarter. Finally, Millennium Management LLC grew its position in Polaris by 341.5% in the 1st quarter. Millennium Management LLC now owns 604,674 shares of the company’s stock worth $24,755,000 after purchasing an additional 467,704 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PII has been the topic of several research analyst reports. Citigroup upgraded shares of Polaris from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $60.00 in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research report on Saturday. UBS Group lifted their target price on shares of Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Robert W. Baird lifted their target price on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus target price of $51.00.

Polaris Trading Up 4.5%

Shares of PII stock opened at $71.15 on Friday. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $74.75. The company has a market capitalization of $4.00 billion, a P/E ratio of -37.84, a P/E/G ratio of 64.39 and a beta of 1.08. The firm has a 50-day moving average price of $60.07 and a 200 day moving average price of $48.50. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $1.38 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. Research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris’s dividend payout ratio (DPR) is currently -142.55%.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.