1,137,008 Shares in Polaris Inc. $PII Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of Polaris Inc. (NYSE:PII – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,137,008 shares of the company’s stock, valued at approximately $77,817,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new stake in shares of Polaris during the fourth quarter worth $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 valued at $3,245,000 after purchasing an additional 51,000 shares during the period. 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 valued at $2,653,000 after purchasing an additional 26,601 shares during the period. Principal Financial Group Inc. grew its stake in Polaris by 60.8% during the 1st quarter. Principal Financial Group Inc. now owns 186,166 shares of the company’s stock worth $10,146,000 after purchasing an additional 70,421 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake 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. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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Polaris Trading Up 0.4%

PII opened at $63.81 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a one year low of $47.14 and a one year high of $77.98. The company has a market cap of $3.63 billion, a P/E ratio of -13.78 and a beta of 1.26. The business’s 50-day simple moving average is $68.96 and its 200-day simple moving average is $64.18.

Polaris (NYSE:PII – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.76 by $1.21. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($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 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 1st. Polaris’s payout ratio is currently -58.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on PII. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Bank of America restated 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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.00.

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About Polaris

(Free Report)

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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