Vanguard Group Inc. Cuts Stock Position in Polaris Inc. $PII

Key Points

• Vanguard Group Inc. has reduced its holdings in Polaris Inc. by 6.0%, now owning approximately 9.44% of the company valued at $217.1 million.
• Polaris recently reported $0.40 EPS for the quarter, significantly beating analysts' expectations, but experienced a 5.5% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.67 per share, set to be paid on September 15th, yielding 4.7% annually.

Vanguard Group Inc. lessened its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,303,324 shares of the company's stock after selling 339,139 shares during the quarter. Vanguard Group Inc. owned approximately 9.44% of Polaris worth $217,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of Polaris by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 41,445 shares of the company's stock valued at $2,388,000 after acquiring an additional 3,210 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Polaris by 58.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,095 shares of the company's stock valued at $178,000 after acquiring an additional 1,139 shares during the last quarter. Barclays PLC boosted its position in shares of Polaris by 31.6% during the 4th quarter. Barclays PLC now owns 51,074 shares of the company's stock valued at $2,944,000 after acquiring an additional 12,269 shares during the last quarter. Mariner LLC boosted its position in shares of Polaris by 1.2% during the 4th quarter. Mariner LLC now owns 51,759 shares of the company's stock valued at $2,982,000 after acquiring an additional 625 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Polaris by 66.5% during the 4th quarter. Guggenheim Capital LLC now owns 26,687 shares of the company's stock valued at $1,538,000 after acquiring an additional 10,656 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Up 7.4%

NYSE PII traded up $3.9540 during trading hours on Friday, reaching $57.2440. The company had a trading volume of 1,875,806 shares, compared to its average volume of 1,789,720. The stock has a 50-day moving average of $48.82 and a 200 day moving average of $43.00. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $87.83. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $3.22 billion, a P/E ratio of -30.45 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates 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 negative net margin of 1.57% and a positive return on equity of 5.16%. Polaris's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PII shares. Morgan Stanley lowered their price target on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Citigroup reissued a "sell" rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a research 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 company a "neutral" rating in a research report on Wednesday, July 30th. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 target price (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.