Pallas Capital Advisors LLC Acquires Shares of 11,428 Polaris Inc. $PII

Key Points

• Pallas Capital Advisors LLC has acquired 11,428 shares of Polaris Inc. valued at approximately $465,000 during the second quarter, according to their most recent 13F filing.
• Several analysts have recently updated their price targets for Polaris, with UBS Group raising it from $45.00 to $58.00, while the current consensus rating for the stock is "Hold" with a target price of $49.17.
• Polaris announced a quarterly dividend of $0.67 per share paid to shareholders, representing an annualized yield of 4.9%, although the company's payout ratio is currently negative at -142.55%.

Pallas Capital Advisors LLC purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,428 shares of the company's stock, valued at approximately $465,000.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after acquiring an additional 429 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Polaris during the 1st quarter worth $35,000. Fifth Third Bancorp boosted its stake in shares of Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after acquiring an additional 1,194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after acquiring an additional 797 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on PII shares. Royal Bank Of Canada raised their target price on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Robert W. Baird raised their target price on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 target price (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Finally, Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Polaris presently has an average rating of "Hold" and a consensus target price of $49.17.

Polaris Stock Performance

Shares of Polaris stock traded up $0.35 during trading on Tuesday, reaching $56.35. The company's stock had a trading volume of 240,380 shares, compared to its average volume of 1,661,437. 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 business's fifty day moving average price is $54.67 and its 200-day moving average price is $44.82. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -29.97 and a beta of 1.08. Polaris Inc. has a one year low of $30.92 and a one year high of $86.51.

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

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 4.8%. Polaris's dividend payout ratio (DPR) is -142.55%.

About Polaris

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.