Polaris Inc. $PII Holdings Decreased by Confluence Investment Management LLC

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 reduced its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PII. UMB Bank n.a. grew its position in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after acquiring an additional 429 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Polaris in the first quarter valued at approximately $35,000. Fifth Third Bancorp grew its position in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after acquiring an additional 318 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Polaris by 191.1% in the first 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 in the last quarter. Finally, Allworth Financial LP grew its position in Polaris by 7,462.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

PII has been the subject of several recent research reports. Roth Capital increased their price objective on shares of Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Zacks Research downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Citigroup reissued a "sell" rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets reissued a "market perform" rating and set a $52.00 price target (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Polaris presently has a consensus rating of "Hold" and an average price target of $49.17.

Polaris Stock Performance

Polaris stock traded down $0.48 during mid-day trading on Thursday, reaching $56.67. The company's stock had a trading volume of 336,738 shares, compared to its average volume of 1,660,264. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -30.18 and a beta of 1.08. The business has a 50 day moving average price of $54.27 and a 200-day moving average price of $44.54. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $86.51.

Polaris (NYSE:PII - Get Free Report) last released 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. The firm had revenue of $1.85 billion during 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 firm's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a dividend yield of 4.7%. Polaris's payout ratio is -142.55%.

Polaris 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.