Parallel Advisors LLC Trims Stake in Polaris Inc. $PII

Parallel Advisors LLC lowered its holdings in Polaris Inc. (NYSE:PII) by 46.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,686 shares of the company’s stock after selling 2,328 shares during the quarter. Parallel Advisors LLC’s holdings in Polaris were worth $109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PII. State of Wyoming purchased a new stake in Polaris in the fourth quarter valued at $95,000. Tidal Investments LLC purchased a new stake in Polaris in the fourth quarter valued at $383,000. Two Sigma Investments LP purchased a new stake in Polaris in the fourth quarter valued at $2,144,000. Two Sigma Advisers LP purchased a new stake in Polaris in the fourth quarter valued at $230,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Polaris by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,705 shares of the company’s stock valued at $8,280,000 after purchasing an additional 22,643 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price objective on Polaris from $34.00 to $56.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Robert W. Baird boosted their price objective on Polaris from $46.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Roth Capital boosted their price objective on Polaris from $32.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, UBS Group boosted their price objective on Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.17.

Polaris Trading Up 2.3%

PII opened at $57.30 on Thursday. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $86.51. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -30.48 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 business has a fifty day moving average price of $55.05 and a 200 day moving average price of $44.99.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $1.38 EPS. 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. Sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris’s payout ratio is presently -142.55%.

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.