Invesco Ltd. Purchases 703,240 Shares of Polaris Inc. $PII

Key Points

• Invesco Ltd. significantly increased its stake in Polaris Inc. by 352.5% during the first quarter, owning approximately 1.61% of the company valued at nearly $37 million.
• Polaris reported earnings of $0.40 per share, exceeding analysts' expectations, but its revenue of $1.85 billion marked a 5.5% decrease year-over-year.
• The firm declared a quarterly dividend of $0.67 per share, with a dividend yield of 4.8%, despite a negative payout ratio of -142.55%.

Invesco Ltd. boosted its position in Polaris Inc. (NYSE:PII - Free Report) by 352.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 902,751 shares of the company's stock after purchasing an additional 703,240 shares during the period. Invesco Ltd. owned about 1.61% of Polaris worth $36,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its position in shares of Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after buying an additional 241 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after buying an additional 318 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Polaris by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock valued at $327,000 after buying an additional 379 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Polaris by 2.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock valued at $583,000 after buying an additional 396 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Polaris by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 120,572 shares of the company's stock valued at $4,936,000 after buying an additional 423 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

NYSE PII traded up $3.9540 during trading hours on Friday, reaching $57.2440. The company's stock had a trading volume of 1,875,806 shares, compared to its average volume of 1,789,720. The firm's 50-day moving average price is $48.82 and its 200-day moving average price is $42.99. 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 Inc. has a 1 year low of $30.92 and a 1 year high of $87.83. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -30.45 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS 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 company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the firm earned $1.38 EPS. The firm's revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on PII. Morgan Stanley lowered their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada lifted their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Roth Capital lifted their price objective on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird lifted their price objective on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Polaris currently has an average rating of "Hold" and a consensus price target 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.