Nuveen LLC Buys Shares of 132,332 Polaris Inc. $PII

Key Points

• Nuveen LLC has made a new investment of approximately $5.42 million in Polaris Inc., acquiring 132,332 shares, which represents about 0.24% of the company's stock.
• Polaris recently reported quarterly earnings of $0.40 EPS, significantly beating analyst expectations, but also saw a 5.5% decline in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.67 per share, scheduled to be paid on September 15th, with a dividend yield of 4.7%.

Nuveen LLC bought a new stake in Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 132,332 shares of the company's stock, valued at approximately $5,418,000. Nuveen LLC owned 0.24% of Polaris at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PII. UMB Bank n.a. boosted 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 valued at $33,000 after purchasing an additional 429 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Polaris in the first quarter valued at $35,000. Fifth Third Bancorp boosted 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 valued at $41,000 after purchasing an additional 318 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake 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 purchasing an additional 797 shares during the period. Finally, Allworth Financial LP boosted its stake 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 purchasing an additional 1,194 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PII. Zacks Research downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Roth Capital increased their price objective on shares of Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Citigroup reiterated a "sell" rating and set a $27.00 price objective (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $52.00 price objective (up from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $48.33.

Polaris Stock Performance

Shares of NYSE:PII traded up $0.22 on Friday, reaching $56.58. 999,330 shares of the company's stock were exchanged, compared to its average volume of 1,322,912. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -30.09 and a beta of 1.08. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $86.51. The business's 50-day moving average is $50.49 and its two-hundred day moving average is $43.41. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17.

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

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio is -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.