Envestnet Portfolio Solutions Inc. Buys New Shares in Polaris Inc. $PII

Key Points

• Envestnet Portfolio Solutions Inc. has acquired a new stake in Polaris Inc., purchasing 13,706 shares valued at approximately $557,000 in the second quarter.
• Polaris reported earnings per share of $0.40 for the last quarter, significantly exceeding the consensus estimate of $0.05, although it also indicated a 5.5% decline in revenue compared to the same period last year.
• The company recently declared a quarterly dividend of $0.67 per share, resulting in an annualized yield of 4.0% despite a negative payout ratio of -142.55%.

Envestnet Portfolio Solutions Inc. bought a new stake in Polaris Inc. (NYSE:PII - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,706 shares of the company's stock, valued at approximately $557,000.

Several other institutional investors have also recently added to or reduced their stakes in PII. GAMMA Investing LLC increased its stake in Polaris by 529.8% in the first quarter. GAMMA Investing LLC now owns 6,096 shares of the company's stock valued at $250,000 after purchasing an additional 5,128 shares during the last quarter. SG Americas Securities LLC grew its position in Polaris by 127.5% during the first quarter. SG Americas Securities LLC now owns 11,826 shares of the company's stock valued at $484,000 after acquiring an additional 6,628 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Polaris by 162.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company's stock valued at $427,000 after acquiring an additional 6,453 shares during the period. State of Alaska Department of Revenue grew its position in Polaris by 51.8% during the first quarter. State of Alaska Department of Revenue now owns 43,977 shares of the company's stock valued at $1,800,000 after acquiring an additional 14,998 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in Polaris by 2.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock valued at $583,000 after acquiring an additional 396 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Down 0.8%

NYSE:PII opened at $66.91 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. Polaris Inc. has a one year low of $30.92 and a one year high of $80.00. The business's 50-day simple moving average is $59.47 and its 200 day simple moving average is $47.76. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of -35.59 and a beta of 1.08.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company's revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid 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 4.0%. Polaris's dividend payout ratio is presently -142.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Roth Capital boosted their price target on Polaris from $41.00 to $54.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group boosted their price target on Polaris from $45.00 to $58.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Citigroup raised Polaris from a "sell" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $60.00 in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada upped their target price on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.42.

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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