Russell Investments Group Ltd. Has $5.30 Million Stock Holdings in Polaris Inc. $PII

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Polaris Inc. by 426% during the first quarter, acquiring a total of 129,531 shares valued at approximately $5.3 million.
• Polaris recently reported earnings of $0.40 per share for the quarter, exceeding analysts' expectations, though its revenue decreased by 5.5% year-over-year.
• The company declared a quarterly dividend of $0.67 per share, contributing to an annualized yield of 5.0%, though it has a negative payout ratio of -142.55%.

Russell Investments Group Ltd. lifted its stake in Polaris Inc. (NYSE:PII - Free Report) by 426.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,531 shares of the company's stock after acquiring an additional 104,904 shares during the period. Russell Investments Group Ltd. owned 0.23% of Polaris worth $5,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Polaris by 8.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 41,445 shares of the company's stock worth $2,388,000 after purchasing an additional 3,210 shares during the period. Barclays PLC raised its stake in shares of Polaris by 31.6% in the 4th quarter. Barclays PLC now owns 51,074 shares of the company's stock worth $2,944,000 after buying an additional 12,269 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Polaris by 1.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 43,405 shares of the company's stock valued at $2,499,000 after buying an additional 501 shares during the period. Dimensional Fund Advisors LP boosted its stake in Polaris by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock valued at $61,702,000 after buying an additional 162,958 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Polaris by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 29,534 shares of the company's stock worth $1,702,000 after acquiring an additional 2,466 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Up 7.4%

Shares of NYSE:PII traded up $3.9540 during midday trading on Friday, hitting $57.2440. 1,875,806 shares of the stock were exchanged, compared to its average volume of 1,789,720. The company has a market capitalization of $3.22 billion, a PE 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 business's fifty day simple moving average is $48.82 and its two-hundred day simple moving average is $42.99.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 1.57% and a positive return on equity of 5.16%. The firm 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 company posted $1.38 earnings per share. Polaris's revenue for the quarter was down 5.5% on a year-over-year basis. Polaris has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm 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 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 equities research analysts have commented on PII shares. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup reaffirmed a "sell" rating and issued a $27.00 price objective (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. Roth Capital boosted their target price on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Morgan Stanley reduced their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.