9,190 Shares in Polaris Inc. $PII Purchased by Probity Advisors Inc.

Key Points

• Probity Advisors Inc. acquired 9,190 shares of Polaris Inc. (NYSE: PII) during Q2, amounting to approximately $374,000.
• Multiple institutional investors have significantly increased their stakes in Polaris, with Allworth Financial LP boosting its position by 7,462.5% in Q1.
• Analysts' ratings on Polaris vary, with a consensus of "Hold" and a price target averaging $53.42, indicating mixed sentiments about the stock's potential.

Probity Advisors Inc. purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,190 shares of the company's stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Polaris by 7,462.5% during the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after acquiring an additional 1,194 shares during the last quarter. Fifth Third Bancorp raised its stake in Polaris by 39.9% during the second quarter. Fifth Third Bancorp now owns 1,393 shares of the company's stock worth $57,000 after purchasing an additional 397 shares during the period. UMB Bank n.a. raised its stake in Polaris by 79.0% during the second quarter. UMB Bank n.a. now owns 1,441 shares of the company's stock worth $59,000 after purchasing an additional 636 shares during the period. Opal Wealth Advisors LLC raised its stake in Polaris by 91.4% during the second quarter. Opal Wealth Advisors LLC now owns 1,638 shares of the company's stock worth $67,000 after purchasing an additional 782 shares during the period. Finally, Quarry LP purchased a new position in Polaris during the first quarter worth about $87,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup raised shares of Polaris from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $35.00 to $60.00 in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Polaris in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Roth Capital lifted their target price on shares of Polaris from $41.00 to $54.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.42.

Polaris Price Performance

Polaris stock opened at $66.91 on Wednesday. The company's 50 day simple moving average is $59.47 and its 200-day simple moving average is $47.76. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -35.59 and a beta of 1.08. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $80.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The business's revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris's dividend payout ratio is presently -142.55%.

About Polaris

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.

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