Hsbc Holdings PLC Reduces Position in Polaris Inc. $PII

Key Points

• Hsbc Holdings PLC has reduced its stake in Polaris Inc. by 21.5%, now holding 21,189 shares worth approximately $855,000 after selling 5,805 shares in the first quarter.
• Polaris reported an earnings per share (EPS) of $0.40 for the recent quarter, significantly exceeding analysts' expectations of $0.05, despite a 5.5% year-over-year revenue decline.
• The company has announced a quarterly dividend of $0.67 per share, representing a yield of 4.7% and a payout ratio of -142.55%.

Hsbc Holdings PLC lessened its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 21.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,189 shares of the company's stock after selling 5,805 shares during the quarter. Hsbc Holdings PLC's holdings in Polaris were worth $855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in Polaris by 7.0% during the 1st quarter. Quantbot Technologies LP now owns 38,454 shares of the company's stock worth $1,574,000 after acquiring an additional 2,510 shares during the last quarter. Wellington Management Group LLP purchased a new position in Polaris during the 1st quarter worth $202,000. Northern Trust Corp boosted its holdings in Polaris by 5.5% during the 1st quarter. Northern Trust Corp now owns 469,494 shares of the company's stock worth $19,221,000 after acquiring an additional 24,532 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Polaris by 2,181.0% during the 1st quarter. Brooklyn Investment Group now owns 2,646 shares of the company's stock worth $108,000 after acquiring an additional 2,530 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Polaris by 7.2% during the 1st quarter. American Century Companies Inc. now owns 1,067,476 shares of the company's stock worth $43,702,000 after acquiring an additional 71,604 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

NYSE PII traded up $0.43 during trading on Wednesday, hitting $57.20. 1,764,082 shares of the company's stock traded hands, compared to its average volume of 1,698,721. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -30.42 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 company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The business has a 50 day moving average of $51.13 and a 200-day moving average of $43.58.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The company's revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed a "sell" rating and set a $27.00 price objective (up from $23.00) on shares of Polaris in a report on Monday, June 16th. 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 report on Wednesday, July 30th. BMO Capital Markets reissued a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a 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 report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on shares of Polaris from $34.00 to $56.00 and gave the stock a "sector perform" 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 assigned a Sell rating to the company. Based on data from MarketBeat, Polaris has an average rating of "Hold" and an average price target of $48.33.

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.