Jump Financial LLC Acquires 211,832 Shares of Polaris Inc. $PII

Key Points

• Jump Financial LLC increased its stake in Polaris Inc. by 243.8%, acquiring an additional 211,832 shares, bringing its total ownership to 298,736 shares valued at $12.23 million.
• Polaris shares rose by 7.4%, with the stock price currently at $57.24, while the company reported a positive earnings surprise of $0.35 per share for the last quarter.
• The company announced a quarterly dividend of $0.67 per share, translating to an annualized yield of 4.7%, with an ex-dividend date set for September 2nd.

Jump Financial LLC raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 243.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,736 shares of the company's stock after purchasing an additional 211,832 shares during the period. Jump Financial LLC owned 0.53% of Polaris worth $12,230,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PII. UMB Bank n.a. increased its stake in shares of 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 in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Polaris in the first quarter worth about $35,000. Fifth Third Bancorp increased its stake in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 during the period. Finally, Allworth Financial LP boosted its position in shares of 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 during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

Analyst Ratings Changes

PII has been the subject of a number of analyst reports. Roth Capital raised 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. Morgan Stanley cut their price objective on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Royal Bank Of Canada raised their price objective 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. Citigroup restated a "sell" rating and issued a $27.00 price objective (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $52.00 price objective (up 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, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Polaris has a consensus rating of "Hold" and an average target price of $48.33.

Polaris Price Performance

Polaris stock traded down $1.10 during mid-day trading on Tuesday, hitting $56.26. 1,096,326 shares of the company traded hands, compared to its average volume of 1,782,763. Polaris Inc. has a one year low of $30.92 and a one year high of $86.51. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -29.92 and a beta of 1.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The stock has a fifty day moving average price of $49.47 and a 200-day moving average price of $43.15.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.38 earnings per share. Polaris's revenue for the quarter was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.8%. Polaris's payout ratio is presently -142.55%.

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.