Kestra Investment Management LLC Purchases New Holdings in Polaris Inc. $PII

Key Points

• Kestra Investment Management LLC has acquired 22,606 shares of Polaris Inc., valued at approximately $925,000, marking a new investment during the first quarter.
• Significant increases in investment stakes were reported by various institutional investors, including Select Equity Group L.P., which boosted its holdings by 142.1%.
• Polaris Inc. recently announced a quarterly dividend of $0.67, with a record date of September 2nd, representing an annualized dividend yield of 4.5%.

Kestra Investment Management LLC purchased a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,606 shares of the company's stock, valued at approximately $925,000.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on PII. Roth Capital raised their price objective on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. BMO Capital Markets reissued a "market perform" rating and set a $52.00 price target (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Zacks Research cut Polaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada boosted their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.17.

Polaris Stock Performance

Shares of NYSE PII traded down $2.48 during mid-day trading on Friday, hitting $57.47. The stock had a trading volume of 1,557,918 shares, compared to its average volume of 1,204,004. 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 company has a 50 day moving average of $53.60 and a two-hundred day moving average of $44.27. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $86.51. The firm has a market cap of $3.23 billion, a PE ratio of -30.57 and a beta of 1.08.

Polaris (NYSE:PII - Get Free Report) last released 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. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The firm's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. Research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.67 per share. 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 is presently -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.