Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 133,220 Polaris Inc. $PII

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, HoldingsChannel reports. The fund acquired 133,220 shares of the company’s stock, valued at approximately $9,118,000.

Several other hedge funds also recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new stake in Polaris in the fourth quarter worth $27,000. Danske Bank A S raised its holdings in shares of Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris in the 4th quarter valued at about $40,000. Finally, Bard Associates Inc. acquired a new stake in shares of Polaris in the 4th quarter valued at about $46,000. Institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Bank of America reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Morgan Stanley cut their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Robert W. Baird upped their price objective on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Polaris Stock Down 0.1%

PII stock opened at $64.31 on Monday. The stock has a market cap of $3.66 billion, a P/E ratio of -13.89 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The stock’s fifty day simple moving average is $69.30 and its two-hundred day simple moving average is $64.27. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned ($1.39) earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is currently -58.75%.

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.