Mesirow Financial Investment Management Equity Management Buys New Stake in PolyOne Co. (POL)

Mesirow Financial Investment Management Equity Management acquired a new stake in shares of PolyOne Co. (NYSE:POL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 419,251 shares of the specialty chemicals company’s stock, valued at approximately $18,238,000. Mesirow Financial Investment Management Equity Management owned about 0.52% of PolyOne as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of PolyOne by 42.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock worth $66,978,000 after buying an additional 500,506 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of PolyOne by 72.8% in the 3rd quarter. American Century Companies Inc. now owns 1,069,954 shares of the specialty chemicals company’s stock worth $42,830,000 after acquiring an additional 450,916 shares during the period. Wells Fargo & Company MN grew its holdings in shares of PolyOne by 11.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock worth $93,808,000 after acquiring an additional 246,918 shares during the period. Prudential Financial Inc. grew its holdings in shares of PolyOne by 46.9% in the 3rd quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock worth $30,062,000 after acquiring an additional 239,700 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of PolyOne in the 2nd quarter worth approximately $227,000. 90.48% of the stock is owned by hedge funds and other institutional investors.

Shares of PolyOne Co. (NYSE POL) traded up $0.64 on Wednesday, hitting $41.74. The company had a trading volume of 102,799 shares, compared to its average volume of 438,610. 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 stock has a market cap of $3,296.00, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.57 and a beta of 1.75. PolyOne Co. has a twelve month low of $32.43 and a twelve month high of $47.48.

PolyOne (NYSE:POL) last issued its earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $739.77 million. During the same period last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts forecast that PolyOne Co. will post 2.54 EPS for the current year.

A number of equities research analysts recently weighed in on the company. Robert W. Baird cut PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target on the stock. in a report on Tuesday, January 16th. Zacks Investment Research upgraded PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks reiterated a “buy” rating and set a $42.00 target price on shares of PolyOne in a report on Friday, October 27th. Oppenheimer reiterated a “buy” rating and set a $47.00 target price on shares of PolyOne in a report on Tuesday, January 23rd. Finally, KeyCorp set a $47.00 target price on PolyOne and gave the company a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. PolyOne has a consensus rating of “Buy” and an average target price of $45.71.

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About PolyOne

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.

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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