Assenagon Asset Management S.A. Buys Shares of 15,734 Polaris Inc. $PII

Key Points

• Assenagon Asset Management S.A. recently acquired 15,734 shares of Polaris Inc., valued at approximately $640,000.
• Polaris reported a quarterly earnings per share (EPS) of $0.40, exceeding estimates, despite a year-over-year revenue decrease of 5.5%.
• Analysts have mixed views on Polaris, with target prices ranging from $27.00 to $56.00, and an overall average rating of "Hold".

Assenagon Asset Management S.A. bought a new stake in Polaris Inc. (NYSE:PII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,734 shares of the company's stock, valued at approximately $640,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after acquiring an additional 429 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Polaris in the 1st quarter worth about $35,000. Fifth Third Bancorp boosted its holdings in Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after acquiring an additional 318 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after acquiring an additional 797 shares during the period. Finally, Allworth Financial LP boosted its holdings in Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after acquiring an additional 1,194 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PII. Robert W. Baird increased their price objective on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Zacks Research lowered Polaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada raised their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Citigroup reiterated a "sell" rating and set a $27.00 target price (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. Finally, Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Polaris currently has an average rating of "Hold" and an average target price of $49.17.

Polaris Stock Performance

PII stock opened at $58.86 on Friday. The company has a market cap of $3.31 billion, a P/E ratio of -31.31 and a beta of 1.08. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $86.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The stock's fifty day moving average price is $55.49 and its 200-day moving average price is $45.16.

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, topping analysts' consensus estimates of $0.05 by $0.35. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.6%. Polaris's payout ratio is -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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