American Century Companies Inc. Raises Stock 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. raised its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,067,476 shares of the company's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PII. Envestnet Asset Management Inc. lifted its position in Polaris by 8.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 41,445 shares of the company's stock valued at $2,388,000 after purchasing an additional 3,210 shares during the last quarter. Barclays PLC lifted its position in Polaris by 31.6% during the fourth quarter. Barclays PLC now owns 51,074 shares of the company's stock valued at $2,944,000 after purchasing an additional 12,269 shares during the last quarter. Mariner LLC lifted its position in Polaris by 1.2% during the fourth quarter. Mariner LLC now owns 51,759 shares of the company's stock valued at $2,982,000 after purchasing an additional 625 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Polaris by 1.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 43,405 shares of the company's stock valued at $2,499,000 after purchasing an additional 501 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Polaris by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock valued at $61,702,000 after purchasing an additional 162,958 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Up 7.4%

NYSE:PII traded up $3.9540 during midday trading on Friday, reaching $57.2440. 1,875,806 shares of the stock traded hands, compared to its average volume of 1,789,720. The company has a fifty day moving average of $48.82 and a 200 day moving average of $42.99. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $87.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The stock has a market capitalization of $3.22 billion, a P/E ratio of -30.45 and a beta of 1.04.

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

Polaris Dividend Announcement

The company also recently declared 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. This represents a $2.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 2nd. Polaris's dividend payout ratio is currently -142.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada boosted their price objective on shares of Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. BMO Capital Markets restated a "market perform" rating and issued a $52.00 price objective (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Citigroup restated a "sell" rating and issued a $27.00 price objective (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Finally, Roth Capital boosted their price objective on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.