Kestra Investment Management LLC Acquires Shares of 22,606 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 bought a new position in Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,606 shares of the company's stock, valued at approximately $925,000.

Several other institutional investors have also recently made changes to their positions in the company. RWWM Inc. grew its stake in shares of Polaris by 169.2% in the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock worth $98,053,000 after acquiring an additional 1,505,351 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Polaris by 142.1% in the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock worth $66,346,000 after buying an additional 951,195 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Polaris by 7.2% in the 1st quarter. American Century Companies Inc. now owns 1,067,476 shares of the company's stock worth $43,702,000 after buying an additional 71,604 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Polaris by 352.5% in the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company's stock worth $36,959,000 after buying an additional 703,240 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Polaris by 341.5% in the 1st quarter. Millennium Management LLC now owns 604,674 shares of the company's stock worth $24,755,000 after buying an additional 467,704 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of Polaris stock traded down $2.48 on Friday, reaching $57.47. The stock had a trading volume of 1,557,918 shares, compared to its average volume of 1,204,004. The business's 50 day moving average is $53.60 and its two-hundred day moving average is $44.28. The company has a market cap of $3.23 billion, a P/E ratio of -30.57 and a beta of 1.08. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $86.51. 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 (NYSE:PII - Get Free Report) last posted its 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. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.Polaris's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.67 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 4.7%. Polaris's dividend payout ratio is -142.55%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PII. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Zacks Research downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Citigroup reissued a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Robert W. Baird boosted their price target 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, BMO Capital Markets reissued a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and an average price target of $49.17.

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.