American Century Companies Inc. Has $43.70 Million Position in Polaris Inc. $PII

Key Points

• American Century Companies Inc. increased its stake in Polaris Inc. by 7.2% during the 1st quarter, raising its ownership to approximately $43.7 million.
• Polaris has seen various analysts adjust their price targets recently, with estimates ranging from $27.00 to $56.00, reflecting varying opinions on the company's performance and outlook.
• The company announced a quarterly dividend of $0.67 per share, with a yield of 4.9%, despite a negative dividend payout ratio of -142.55%.

American Century Companies Inc. increased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,067,476 shares of the company's stock after buying an additional 71,604 shares during the quarter. American Century Companies Inc. owned 1.90% of Polaris worth $43,702,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position in Polaris by 114.1% during the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Polaris during the first quarter valued at approximately $35,000. Fifth Third Bancorp boosted its position in Polaris by 46.9% during the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after purchasing an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after purchasing an additional 797 shares during the last quarter. Finally, 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 valued at $50,000 after purchasing an additional 1,194 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of NYSE PII traded down $1.10 during trading hours on Tuesday, reaching $56.26. 1,096,326 shares of the stock were exchanged, compared to its average volume of 1,782,763. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -29.92 and a beta of 1.04. 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 Inc. has a 52 week low of $30.92 and a 52 week high of $86.51. The stock's fifty day simple moving average is $49.47 and its 200 day simple moving average is $43.15.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $1.38 EPS. The company's revenue was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a dividend yield of 4.8%. Polaris's dividend payout ratio (DPR) is -142.55%.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Roth Capital increased their price target on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup reissued a "sell" rating and set a $27.00 price target (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 price objective (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Polaris has an average rating of "Hold" and a consensus target price of $48.33.

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.