Polaris Inc. $PII Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC significantly increased its stake in Polaris Inc. by 471.5% in the 2nd quarter, owning approximately $2.4 million worth of shares after acquiring an additional 49,143 shares.
• Polaris reported a quarterly earnings per share of $0.40, beating analyst estimates, and its revenue stood at $1.85 billion, surpassing expectations despite a 5.5% year-over-year decrease.
• The company recently announced a quarterly dividend of $0.67 per share, representing an annualized yield of 4.6%, with a significantly negative payout ratio.

Wealth Enhancement Advisory Services LLC raised its position in Polaris Inc. (NYSE:PII - Free Report) by 471.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,566 shares of the company's stock after acquiring an additional 49,143 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of Polaris worth $2,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PII. UMB Bank n.a. raised its stake in Polaris by 114.1% during the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after purchasing an additional 429 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Polaris in the 1st quarter worth approximately $35,000. Fifth Third Bancorp raised 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 worth $41,000 after acquiring an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Polaris by 191.1% during the first 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 during the period. Finally, Allworth Financial LP boosted its position 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 acquiring an additional 1,194 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PII. Zacks Research cut Polaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Roth Capital upped their target price on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets reiterated a "market perform" rating and issued a $52.00 price objective (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Finally, Robert W. Baird raised their target price on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $49.17.

Polaris Stock Performance

NYSE PII opened at $58.86 on Friday. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $86.51. The company has a fifty day simple moving average of $55.49 and a 200 day simple moving average of $45.16. 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 company has a market cap of $3.31 billion, a P/E ratio of -31.31 and a beta of 1.08.

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

Polaris Dividend Announcement

The business also recently disclosed 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 4.6%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Polaris 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.

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