Paralel Advisors LLC Boosts Stake in Polaris Inc. $PII

Key Points

• Paralel Advisors LLC increased its stake in Polaris Inc. by 160.2% during the second quarter, owning approximately 0.12% of the company with a value of $2,653,000 at the end of the quarter.
• Recent research reports have resulted in several analysts upgrading Polaris, with Citigroup raising the target price from $35.00 to $60.00 and a general average rating of "Hold" with a consensus price target of $51.00.
• Polaris declared a quarterly dividend of $0.67 per share, translating to an annualized yield of 4.1%, despite a negative dividend payout ratio of -142.55%.

Paralel Advisors LLC grew its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 160.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,257 shares of the company's stock after acquiring an additional 40,178 shares during the quarter. Paralel Advisors LLC owned about 0.12% of Polaris worth $2,653,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PII. Allworth Financial LP raised its stake in 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 in the last quarter. Fifth Third Bancorp increased its holdings in shares of Polaris by 39.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company's stock worth $57,000 after buying an additional 397 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Polaris by 79.0% in the 2nd quarter. UMB Bank n.a. now owns 1,441 shares of the company's stock worth $59,000 after buying an additional 636 shares during the last quarter. Opal Wealth Advisors LLC raised its position in shares of Polaris by 91.4% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,638 shares of the company's stock valued at $67,000 after buying an additional 782 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Polaris during the 1st quarter worth $87,000. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PII shares. Citigroup upgraded shares of Polaris from a "sell" rating to a "neutral" rating and upped their target price for the stock from $35.00 to $60.00 in a research report on Wednesday, October 1st. Robert W. Baird lifted their price target on Polaris from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Roth Capital upped their price objective on Polaris from $41.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Weiss Ratings reissued a "sell (d+)" rating on shares of Polaris in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.00.

Polaris Price Performance

PII opened at $66.12 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The stock's 50 day simple moving average is $59.61 and its 200 day simple moving average is $47.88. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -35.17, a PEG ratio of 60.80 and a beta of 1.08. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $74.75.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.35. The firm 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%.The business's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. As a group, analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. 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.

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