Meiji Yasuda Asset Management Co Ltd. Invests $9.12 Million in Polaris Inc. $PII

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Polaris Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 133,220 shares of the company’s stock, valued at approximately $9,118,000. Meiji Yasuda Asset Management Co Ltd. owned about 0.23% of Polaris at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PII. Goldman Sachs Group Inc. grew its holdings in 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 purchasing an additional 474,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Polaris by 27.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock valued at $7,504,000 after acquiring an additional 39,584 shares during the period. Cetera Investment Advisers increased its stake in Polaris by 65.4% in the second quarter. Cetera Investment Advisers now owns 16,376 shares of the company’s stock valued at $666,000 after acquiring an additional 6,475 shares during the last quarter. Prudential Financial Inc. boosted its stake in Polaris by 17.8% in the second quarter. Prudential Financial Inc. now owns 8,347 shares of the company’s stock valued at $339,000 after buying an additional 1,259 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Polaris by 43.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock worth $140,000 after buying an additional 1,037 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of PII stock opened at $64.31 on Monday. The stock has a market capitalization of $3.66 billion, a PE ratio of -13.89 and a beta of 1.26. The business’s 50 day simple moving average is $69.30 and its 200 day simple moving average is $64.27. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. Polaris Inc. has a one year low of $47.14 and a one year high of $77.98.

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

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.68 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a yield of 4.2%. Polaris’s payout ratio is presently -58.75%.

Wall Street Analyst Weigh In

PII has been the topic of several recent research reports. Robert W. Baird raised their price objective on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Polaris Company 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.