Raymond James & Associates lowered its stake in shares of PolyOne Co. (NYSE:POL) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,401 shares of the specialty chemicals company’s stock after selling 1,213 shares during the period. Raymond James & Associates owned 0.08% of PolyOne worth $2,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PolyOne by 36.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,555 shares of the specialty chemicals company’s stock valued at $242,000 after purchasing an additional 1,492 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of PolyOne in the third quarter valued at $256,000. Envestnet Asset Management Inc. grew its holdings in shares of PolyOne by 35.3% in the third quarter. Envestnet Asset Management Inc. now owns 6,490 shares of the specialty chemicals company’s stock valued at $261,000 after purchasing an additional 1,693 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of PolyOne by 21.9% in the third quarter. Neuberger Berman Group LLC now owns 6,913 shares of the specialty chemicals company’s stock valued at $277,000 after purchasing an additional 1,244 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of PolyOne in the fourth quarter valued at $309,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.
POL has been the subject of a number of recent research reports. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of PolyOne from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, December 27th. Robert W. Baird lowered shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 target price for the company. in a report on Tuesday, January 16th. Oppenheimer reissued a “buy” rating and issued a $47.00 target price on shares of PolyOne in a report on Tuesday, January 23rd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of PolyOne in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.14.
NYSE POL opened at $44.12 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 2.13. The firm has a market cap of $3,507.31, a price-to-earnings ratio of 19.62, a PEG ratio of 1.67 and a beta of 1.65. PolyOne Co. has a 52 week low of $33.40 and a 52 week high of $47.48.
PolyOne (NYSE:POL) last posted its quarterly earnings data on Friday, January 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $801.00 million during the quarter, compared to analyst estimates of $739.77 million. PolyOne had a negative net margin of 1.73% and a positive return on equity of 29.46%. PolyOne’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. analysts predict that PolyOne Co. will post 2.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 19th. PolyOne’s dividend payout ratio is currently 31.67%.
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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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