Polaris Inc. $PII Stock Position Lowered by National Bank of Canada FI

Key Points

• National Bank of Canada FI drastically reduced its investment in Polaris Inc. by 97.3%, selling 49,133 shares and holding only 1,342 shares valued at $55,000.
• Polaris recently announced a quarterly dividend of $0.67, resulting in a yield of 4.8%, although the company's dividend payout ratio stands at -142.55%.
• Analysts have set a consensus rating of "Hold" for Polaris shares, with a target price averaging $48.33.

National Bank of Canada FI lowered its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 97.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,342 shares of the company's stock after selling 49,133 shares during the quarter. National Bank of Canada FI's holdings in Polaris were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Polaris by 114.1% during 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 period. Opal Wealth Advisors LLC acquired a new position in Polaris during the 1st quarter valued at approximately $35,000. Fifth Third Bancorp boosted its position in Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after purchasing an additional 318 shares during the period. Allworth Financial LP boosted its position in Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after purchasing an additional 1,194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

PII stock traded up $3.9540 during 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 company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $87.83. The company's fifty day moving average price is $48.82 and its 200-day moving average price is $42.99. The firm has a market cap of $3.22 billion, a PE ratio of -30.45 and a beta of 1.04.

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

Polaris Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets restated a "market perform" rating and set a $52.00 price objective (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Citigroup restated a "sell" rating and set a $27.00 price objective (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Morgan Stanley reduced their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Royal Bank Of Canada boosted their price target on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird boosted their price target on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $48.33.

About Polaris

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.