Comerica Bank Acquires 26,601 Shares of Polaris Inc. $PII

Comerica Bank grew its holdings in Polaris Inc. (NYSE:PII) by 173.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,939 shares of the company’s stock after acquiring an additional 26,601 shares during the quarter. Comerica Bank’s holdings in Polaris were worth $2,653,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PII. AQR Capital Management LLC increased its holdings in shares of Polaris by 564.8% in the second quarter. AQR Capital Management LLC now owns 1,752,801 shares of the company’s stock worth $70,673,000 after acquiring an additional 1,489,157 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Polaris by 677.2% during the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock worth $22,283,000 after buying an additional 474,259 shares in the last quarter. State Street Corp grew its holdings in shares of Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock worth $127,554,000 after buying an additional 426,482 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Polaris by 184.3% during the second quarter. Holocene Advisors LP now owns 464,469 shares of the company’s stock worth $18,881,000 after buying an additional 301,105 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after buying an additional 282,570 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Benjamin D. Duke sold 10,090 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $66.82, for a total value of $674,213.80. Following the completion of the sale, the insider directly owned 30,242 shares of the company’s stock, valued at $2,020,770.44. This trade represents a 25.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael T. Speetzen sold 35,086 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $66.83, for a total value of $2,344,797.38. Following the completion of the sale, the chief executive officer directly owned 136,362 shares of the company’s stock, valued at approximately $9,113,072.46. The trade was a 20.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PII has been the subject of a number of research reports. Seaport Research Partners upgraded Polaris to a “strong-buy” rating in a report on Thursday, January 8th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. Morgan Stanley decreased their price objective on Polaris from $81.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. Finally, Citigroup raised their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Down 5.9%

PII stock opened at $62.51 on Tuesday. 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 business has a 50 day moving average price of $56.85 and a two-hundred day moving average price of $63.41. The company has a market cap of $3.56 billion, a price-to-earnings ratio of -7.97 and a beta of 1.25. Polaris Inc. has a twelve month low of $33.00 and a twelve month high of $75.25.

Polaris (NYSE:PII) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. Analysts anticipate that Polaris Inc. will post 1.7 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, June 1st. Polaris’s dividend payout ratio (DPR) is currently -34.69%.

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.