Nationwide Fund Advisors raised its stake in PolyOne Corporation (NYSE:POL) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 290,297 shares of the specialty chemicals company’s stock after purchasing an additional 5,217 shares during the period. Nationwide Fund Advisors owned 0.35% of PolyOne worth $11,621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in PolyOne by 85.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 1,200 shares during the period. Advisor Group Inc. boosted its stake in PolyOne by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 84 shares during the period. Quantbot Technologies LP acquired a new position in PolyOne during the 2nd quarter valued at about $143,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PolyOne by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after purchasing an additional 317 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of PolyOne by 215.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock worth $165,000 after acquiring an additional 2,900 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on POL. SunTrust Banks restated a “buy” rating and set a $42.00 price target on shares of PolyOne in a report on Friday, October 27th. Zacks Investment Research downgraded shares of PolyOne from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Jefferies Group reissued a “hold” rating and issued a $42.00 target price on shares of PolyOne in a research report on Thursday, October 19th. Oppenheimer initiated coverage on shares of PolyOne in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 target price for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $42.00 price objective on shares of PolyOne in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. PolyOne has a consensus rating of “Buy” and a consensus target price of $43.17.
PolyOne Corporation (POL) traded up $0.02 during trading hours on Thursday, reaching $44.72. 565,200 shares of the company traded hands, compared to its average volume of 482,590. The firm has a market cap of $3,611.95, a PE ratio of 20.50, a P/E/G ratio of 2.06 and a beta of 1.83. PolyOne Corporation has a 1 year low of $31.68 and a 1 year high of $46.79. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32.
PolyOne (NYSE:POL) last announced its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The company had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. During the same quarter in the prior year, the company posted $0.55 EPS. The business’s revenue was up 9.6% on a year-over-year basis. research analysts forecast that PolyOne Corporation will post 2.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from PolyOne’s previous quarterly dividend of $0.14. PolyOne’s dividend payout ratio (DPR) is -71.05%.
PolyOne Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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