Polaris Inc. $PII Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in Polaris Inc. by 26.0%, selling 18,052 shares and retaining 51,392 shares valued at approximately $2.1 million.
• Polaris reported $0.40 earnings per share for the last quarter, exceeding analysts' estimates of $0.05, despite a 5.5% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 4.7%, with a payout ratio of -142.55%.

LPL Financial LLC reduced its position in Polaris Inc. (NYSE:PII - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,392 shares of the company's stock after selling 18,052 shares during the quarter. LPL Financial LLC owned about 0.09% of Polaris worth $2,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PII. UMB Bank n.a. raised its stake in Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Polaris in the 1st quarter valued at $35,000. Fifth Third Bancorp grew its holdings in Polaris by 46.9% in 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. MassMutual Private Wealth & Trust FSB grew its holdings in Polaris by 191.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after buying an additional 797 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Polaris by 7,462.5% in the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after buying an additional 1,194 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Trading Up 7.4%

Shares of NYSE PII traded up $3.9540 during mid-day trading on Friday, reaching $57.2440. 1,875,806 shares of the company's stock were exchanged, compared to its average volume of 1,789,720. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -30.45 and a beta of 1.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $87.83. The company's 50-day moving average is $48.82 and its 200-day moving average is $43.00.

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

Polaris Dividend Announcement

The company 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 dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.7%. Polaris's dividend payout ratio is presently -142.55%.

Wall Street Analyst Weigh In

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