Polaris Inc. $PII Stock Position Cut by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC reduced its stake in Polaris Inc. by 41.3% during the second quarter, leaving them with 6,565 shares valued at $267,000.
• Polaris recently reported a quarterly revenue of $1.85 billion, exceeding analysts' expectations of $1.73 billion, despite a 5.5% decline compared to the previous year.
• The company announced a quarterly dividend of $0.67 per share, resulting in an annual yield of 4.6%.

Ballentine Partners LLC trimmed its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 41.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,565 shares of the company's stock after selling 4,621 shares during the quarter. Ballentine Partners LLC's holdings in Polaris were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in Polaris by 114.1% during 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 acquired a new position in Polaris in the 1st quarter valued at approximately $35,000. Fifth Third Bancorp grew its stake in 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 purchasing an additional 318 shares in the last quarter. Allworth Financial LP grew its position in Polaris by 7,462.5% in the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after acquiring an additional 1,194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Polaris by 191.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after buying an additional 797 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Trading Up 3.2%

Shares of NYSE PII opened at $58.86 on Monday. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $86.51. The firm has a market capitalization of $3.31 billion, a P/E ratio of -31.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. The company's 50 day simple moving average is $55.49 and its 200 day simple moving average is $45.18.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results 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 company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. On average, analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris's dividend payout ratio is presently -142.55%.

Analysts Set New Price Targets

Several analysts recently weighed in on PII shares. Royal Bank Of Canada increased their target price on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup restated a "sell" rating and set a $27.00 price objective (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. UBS Group upped their target price on Polaris from $45.00 to $58.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Roth Capital upped their target price on shares of Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $49.17.

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.

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