Nuveen LLC Purchases 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 position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 1st quarter, according to the company in 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 about 0.24% of Polaris as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Polaris during the first quarter valued at $566,000. Entropy Technologies LP acquired a new position in shares of Polaris during the first quarter valued at $995,000. Invesco Ltd. lifted its stake in shares of Polaris by 352.5% during the first quarter. Invesco Ltd. now owns 902,751 shares of the company's stock valued at $36,959,000 after acquiring an additional 703,240 shares during the period. Koss Olinger Consulting LLC lifted its stake in shares of Polaris by 49.2% during the first quarter. Koss Olinger Consulting LLC now owns 40,363 shares of the company's stock valued at $1,652,000 after acquiring an additional 13,317 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Polaris by 150.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,391 shares of the company's stock valued at $16,597,000 after acquiring an additional 243,595 shares during the period. Institutional investors own 88.06% of the company's stock.

Polaris Stock Up 0.4%

Shares of NYSE PII traded up $0.22 during mid-day trading on Friday, reaching $56.58. 999,330 shares of the company's stock were exchanged, compared to its average volume of 1,383,012. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -30.09 and a beta of 1.04. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $86.51. The business has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $43.42.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. The business had revenue of $1.85 billion during 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%.Polaris's quarterly revenue was down 5.5% on a year-over-year basis. 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, equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada increased their target price on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Robert W. Baird increased their target price on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. BMO Capital Markets reissued a "market perform" rating and issued a $52.00 target price (up previously from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Finally, Zacks Research lowered Polaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $48.33.

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.