Vanguard Group Inc. lowered its position in Polaris Inc. (NYSE:PII - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,303,324 shares of the company's stock after selling 339,139 shares during the quarter. Vanguard Group Inc. owned 9.44% of Polaris worth $217,118,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its position in shares of 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 buying an additional 429 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Polaris in the first quarter valued at $35,000. Fifth Third Bancorp increased its position in shares of 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 buying an additional 318 shares in the last quarter. Allworth Financial LP increased its position in shares of 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 buying an additional 1,194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Polaris by 191.1% during 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. Hedge funds and other institutional investors own 88.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley dropped 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. Robert W. Baird lifted their price objective on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. BMO Capital Markets reiterated 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. Finally, Roth Capital lifted their price objective on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $48.33.
Read Our Latest Stock Analysis on Polaris
Polaris Trading Up 0.4%
NYSE:PII traded up $0.2060 during mid-day trading on Monday, reaching $57.3560. The company's stock had a trading volume of 844,193 shares, compared to its average volume of 1,828,661. The company's fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $43.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $87.83. The stock has a market cap of $3.22 billion, a P/E ratio of -30.51 and a beta of 1.04.
Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (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 firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $1.38 EPS. The firm's quarterly revenue was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Polaris Inc. will post 1.11 EPS for the current year.
Polaris Dividend Announcement
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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is presently -142.55%.
About Polaris
(
Free Report)
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.
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