Millennium Management LLC Has $24.76 Million Stock Holdings in Polaris Inc. $PII

Key Points

• Millennium Management LLC increased its stake in Polaris Inc. by 341.5% during the 1st quarter, now owning 604,674 shares valued at approximately $24.75 million.
• Polaris has announced a quarterly dividend of $0.67, with a yield of 4.5%, scheduled to be paid on September 15th.
• Analysts' ratings for Polaris remain mixed, with a consensus rating of "Hold" and a price target of $49.17, reflecting diverse expectations on the stock's performance.

Millennium Management LLC increased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 341.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 604,674 shares of the company's stock after acquiring an additional 467,704 shares during the quarter. Millennium Management LLC owned about 1.08% of Polaris worth $24,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of 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 in the last quarter. Opal Wealth Advisors LLC bought a new position in Polaris during the first quarter worth about $35,000. Fifth Third Bancorp lifted its holdings in Polaris by 46.9% during the first 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. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 in the last quarter. Finally, Allworth Financial LP lifted its holdings in Polaris by 7,462.5% during the first 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. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of PII traded up $0.63 during trading hours on Wednesday, hitting $59.09. 120,915 shares of the company were exchanged, compared to its average volume of 1,661,212. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -31.45 and a beta of 1.08. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $86.51. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The firm's fifty day moving average is $54.09 and its 200 day moving average is $44.46.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.35. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Analysts Set New Price Targets

PII has been the topic of several research reports. Zacks Research cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Robert W. Baird boosted their price target on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Roth Capital boosted their price target on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. BMO Capital Markets reiterated a "market perform" rating and set a $52.00 target price (up previously from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.17.

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.