Russell Investments Group Ltd. Buys 104,904 Shares of 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. boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 426.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,531 shares of the company's stock after acquiring an additional 104,904 shares during the quarter. Russell Investments Group Ltd. owned about 0.23% of Polaris worth $5,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. raised its position in Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after acquiring an additional 241 shares in the last quarter. Fifth Third Bancorp raised its position in Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in Polaris by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock worth $327,000 after acquiring an additional 379 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Polaris by 2.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock worth $583,000 after acquiring an additional 396 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Polaris by 0.4% in the first quarter. Principal Financial Group Inc. now owns 120,572 shares of the company's stock worth $4,936,000 after acquiring an additional 423 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Polaris Stock Up 2.5%

Shares of NYSE PII traded up $1.39 during trading hours on Wednesday, hitting $57.53. The stock had a trading volume of 957,736 shares, compared to its average volume of 1,529,189. The company has a market capitalization of $3.23 billion, a P/E ratio of -30.60 and a beta of 1.04. The firm's 50-day moving average price is $49.82 and its two-hundred day moving average price is $43.25. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $86.51. 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 (NYSE:PII - Get Free Report) last announced its quarterly 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. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. Polaris has set its Q3 2025 guidance at EPS. Analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend 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 presently -142.55%.

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.