Matarin Capital Management LLC bought a new position in PolyOne Co. (NYSE:POL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,836 shares of the specialty chemicals company’s stock, valued at approximately $2,799,000. Matarin Capital Management LLC owned about 0.08% of PolyOne as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in POL. Intrust Bank NA acquired a new stake in shares of PolyOne in the first quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $242,000 after acquiring an additional 1,492 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of PolyOne by 116.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,456 shares of the specialty chemicals company’s stock worth $275,000 after acquiring an additional 3,467 shares during the last quarter. Barings LLC acquired a new stake in shares of PolyOne in the first quarter worth approximately $276,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of PolyOne in the fourth quarter worth approximately $309,000. 92.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE POL opened at $42.60 on Friday. PolyOne Co. has a one year low of $34.15 and a one year high of $47.48. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.25 and a current ratio of 1.81. The company has a market capitalization of $3.40 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68.
PolyOne (NYSE:POL) last posted its quarterly earnings results on Thursday, April 26th. The specialty chemicals company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. PolyOne had a negative net margin of 1.73% and a positive return on equity of 32.45%. The firm had revenue of $901.60 million for the quarter, compared to analyst estimates of $870.60 million. During the same quarter last year, the firm posted $0.59 earnings per share. PolyOne’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities research analysts predict that PolyOne Co. will post 2.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Friday, June 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.70 annualized dividend and a yield of 1.64%. PolyOne’s payout ratio is 31.67%.
POL has been the topic of several research analyst reports. KeyCorp reissued a “buy” rating and issued a $50.00 target price on shares of PolyOne in a research report on Monday, January 29th. SunTrust Banks reissued a “buy” rating on shares of PolyOne in a research report on Monday, January 29th. Northcoast Research reissued a “neutral” rating on shares of PolyOne in a research report on Monday, January 29th. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of PolyOne from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, March 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.29.
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.
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