Confluence Investment Management LLC Trims Position in Polaris Inc. $PII

Key Points

• Confluence Investment Management LLC reduced its stake in Polaris Inc. by 10.6% during the second quarter, now holding approximately 1.47% of the company valued at $33.5 million.
• Polaris posted a quarterly earnings report with $0.40 EPS, significantly surpassing the consensus estimate of $0.05, while revenues were down 5.5% year-over-year.
• The company recently announced a quarterly dividend of $0.67, translating to an annualized yield of 4.7%, despite a negative dividend payout ratio of -142.55%.

Confluence Investment Management LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 10.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 824,806 shares of the company's stock after selling 98,127 shares during the period. Confluence Investment Management LLC owned 1.47% of Polaris worth $33,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PII. BNP Paribas Financial Markets increased its position in Polaris by 61.6% during the 4th quarter. BNP Paribas Financial Markets now owns 38,962 shares of the company's stock valued at $2,245,000 after purchasing an additional 14,851 shares during the period. Baird Financial Group Inc. increased its position in Polaris by 19.9% during the 4th quarter. Baird Financial Group Inc. now owns 6,138 shares of the company's stock valued at $354,000 after purchasing an additional 1,019 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Polaris during the 4th quarter valued at about $242,000. Nomura Holdings Inc. purchased a new position in Polaris during the 4th quarter valued at about $401,000. Finally, Man Group plc purchased a new position in Polaris during the 4th quarter valued at about $2,527,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

Shares of Polaris stock opened at $57.47 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of -30.57 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average price of $53.60 and a 200 day moving average price of $44.28. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $86.51.

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

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PII shares. Royal Bank Of Canada raised their target price on shares of 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 raised their price target on shares of Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Citigroup restated a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Robert W. Baird raised their price target on shares of Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.17.

Polaris Company Profile

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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