Envestnet Portfolio Solutions Inc. Invests $557,000 in Polaris Inc. $PII

Envestnet Portfolio Solutions Inc. acquired a new position in Polaris Inc. (NYSE:PII) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,706 shares of the company’s stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PII. Allworth Financial LP grew its holdings in Polaris by 7,462.5% in the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company’s stock worth $50,000 after buying an additional 1,194 shares in the last quarter. Fifth Third Bancorp grew its holdings in Polaris by 39.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,393 shares of the company’s stock worth $57,000 after buying an additional 397 shares in the last quarter. UMB Bank n.a. grew its holdings in Polaris by 79.0% in the 2nd quarter. UMB Bank n.a. now owns 1,441 shares of the company’s stock worth $59,000 after buying an additional 636 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in Polaris by 91.4% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,638 shares of the company’s stock worth $67,000 after buying an additional 782 shares in the last quarter. Finally, Quarry LP bought a new position in Polaris in the 1st quarter worth approximately $87,000. 88.06% of the stock is owned by institutional investors.

Polaris Stock Performance

PII opened at $66.91 on Wednesday. The firm has a market cap of $3.76 billion, a PE ratio of -35.59 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $59.47 and a 200-day simple moving average of $47.76. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $80.00.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.35. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Polaris has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 2nd. Polaris’s dividend payout ratio (DPR) is currently -142.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PII shares. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Wall Street Zen raised Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup raised Polaris from a “sell” rating to a “neutral” rating and increased their price target for the company from $35.00 to $60.00 in a research note on Wednesday, October 1st. Royal Bank Of Canada increased their price target on Polaris from $34.00 to $56.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus target price of $53.42.

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.