Entropy Technologies LP Makes New Investment in Polaris Inc. (NYSE:PII)

Key Points

• Entropy Technologies LP has acquired a new position in Polaris Inc. (NYSE:PII) by purchasing 24,310 shares worth approximately $995,000.
• Polaris recently reported a quarterly earnings per share (EPS) of $0.40, surpassing analysts' expectations, but its revenue declined by 5.5% year-over-year.
• The company announced a quarterly dividend of $0.67 per share, with an annualized yield of 5.1%, and a remarkable -142.55% dividend payout ratio.

Entropy Technologies LP purchased a new position in Polaris Inc. (NYSE:PII - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,310 shares of the company's stock, valued at approximately $995,000.

A number of other large investors have also bought and sold shares of PII. UMB Bank n.a. grew its holdings in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after purchasing an additional 429 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Polaris in the first quarter worth $35,000. Fifth Third Bancorp grew its holdings in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after purchasing an additional 318 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Polaris by 191.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after purchasing an additional 797 shares during the period. Finally, Allworth Financial LP grew its holdings in Polaris by 7,462.5% in the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after purchasing an additional 1,194 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Performance

NYSE PII opened at $52.28 on Tuesday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $87.83. 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 firm has a market cap of $2.94 billion, a price-to-earnings ratio of -27.81 and a beta of 1.04. The company has a fifty day moving average price of $46.08 and a 200-day moving average price of $42.44.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data 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. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company posted $1.38 earnings per share. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is -142.55%.

Analyst Upgrades and Downgrades

PII has been the topic of several research reports. Citigroup restated a "sell" rating and set a $27.00 price objective (up previously from $23.00) on shares of Polaris in a report on Monday, June 16th. Roth Capital upped 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. Truist Financial lowered their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Robert W. Baird upped their price objective on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley lowered their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Polaris presently has a consensus rating of "Hold" and an average price target of $48.33.

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.

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