Millennium Management LLC Purchases 467,704 Shares of 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 boosted its position in Polaris Inc. (NYSE:PII - Free Report) by 341.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 1.08% of Polaris worth $24,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after acquiring an additional 429 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Polaris in the first quarter valued at $35,000. Fifth Third Bancorp increased its stake in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after acquiring an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Polaris by 191.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after acquiring an additional 797 shares during the last quarter. Finally, Allworth Financial LP increased 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 acquiring an additional 1,194 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Trading Up 2.6%

Shares of NYSE PII traded up $1.46 during trading hours on Monday, hitting $58.78. The company's stock had a trading volume of 805,238 shares, compared to its average volume of 1,674,792. 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 stock has a market cap of $3.30 billion, a price-to-earnings ratio of -31.27 and a beta of 1.08. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $86.51. The business has a 50-day simple moving average of $53.60 and a 200-day simple moving average of $44.26.

Polaris (NYSE:PII - Get Free Report) last posted 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 analysts' expectations 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 last year, the firm earned $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 annualized dividend and a dividend yield of 4.6%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Analyst Ratings Changes

A number of research analysts recently commented on PII shares. Zacks Research cut Polaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Roth Capital lifted their price objective on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. BMO Capital Markets reiterated a "market perform" rating and issued a $52.00 price objective (up previously from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Finally, UBS Group lifted their price objective on Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $49.17.

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.