Vanguard Group Inc. Has $17.69 Million Position in OMNOVA Solutions Inc. (OMN)

Vanguard Group Inc. lifted its holdings in OMNOVA Solutions Inc. (NYSE:OMN) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,814,048 shares of the specialty chemicals company’s stock after acquiring an additional 74,636 shares during the period. Vanguard Group Inc. owned 4.04% of OMNOVA Solutions worth $17,686,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OMN. American International Group Inc. lifted its holdings in shares of OMNOVA Solutions by 7.1% in the 1st quarter. American International Group Inc. now owns 26,169 shares of the specialty chemicals company’s stock valued at $259,000 after acquiring an additional 1,738 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of OMNOVA Solutions by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 299,757 shares of the specialty chemicals company’s stock valued at $2,967,000 after acquiring an additional 11,368 shares during the last quarter. UBS Group AG lifted its holdings in shares of OMNOVA Solutions by 399.1% in the 1st quarter. UBS Group AG now owns 43,062 shares of the specialty chemicals company’s stock valued at $426,000 after acquiring an additional 34,434 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of OMNOVA Solutions by 1.7% in the 1st quarter. Bank of America Corp DE now owns 123,988 shares of the specialty chemicals company’s stock valued at $1,227,000 after acquiring an additional 2,073 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of OMNOVA Solutions by 144.6% in the 1st quarter. AQR Capital Management LLC now owns 439,640 shares of the specialty chemicals company’s stock valued at $4,352,000 after acquiring an additional 259,934 shares during the last quarter. 87.41% of the stock is owned by hedge funds and other institutional investors.

OMN has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of OMNOVA Solutions in a report on Thursday, October 12th. BidaskClub downgraded shares of OMNOVA Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of OMNOVA Solutions in a report on Friday, September 29th. Zacks Investment Research raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.67.

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Shares of OMNOVA Solutions Inc. (OMN) opened at $10.50 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.38 and a quick ratio of 1.71. OMNOVA Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $11.60. The firm has a market cap of $455.85, a PE ratio of 16.92, a P/E/G ratio of 1.65 and a beta of 2.22.

OMNOVA Solutions (NYSE:OMN) last posted its quarterly earnings data on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. OMNOVA Solutions had a negative net margin of 0.78% and a positive return on equity of 22.71%. The company had revenue of $200.90 million for the quarter, compared to analyst estimates of $203.12 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. equities research analysts predict that OMNOVA Solutions Inc. will post 0.62 earnings per share for the current fiscal year.

OMNOVA Solutions Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

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Institutional Ownership by Quarter for OMNOVA Solutions (NYSE:OMN)

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