ING Groep NV Acquires 2,176 Shares of PolyOne Co. (POL)

ING Groep NV lifted its holdings in shares of PolyOne Co. (NYSE:POL) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,193 shares of the specialty chemicals company’s stock after buying an additional 2,176 shares during the quarter. ING Groep NV’s holdings in PolyOne were worth $530,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Advisor Group Inc. lifted its stake in shares of 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 buying an additional 84 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of PolyOne by 21.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,913 shares of the specialty chemicals company’s stock valued at $277,000 after buying an additional 1,244 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of PolyOne by 11.7% during the 3rd quarter. Pacer Advisors Inc. now owns 11,958 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 1,250 shares in the last quarter. Strs Ohio lifted its stake in shares of PolyOne by 16.7% during the 4th quarter. Strs Ohio now owns 9,800 shares of the specialty chemicals company’s stock valued at $426,000 after buying an additional 1,400 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of PolyOne by 2.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,663 shares of the specialty chemicals company’s stock valued at $2,268,000 after buying an additional 1,406 shares in the last quarter. Institutional investors own 90.48% of the company’s stock.

Shares of PolyOne Co. (POL) opened at $42.06 on Friday. PolyOne Co. has a 52 week low of $32.43 and a 52 week high of $47.48. 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 $3,400.00, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.75.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, March 19th. PolyOne’s dividend payout ratio is presently 33.02%.

A number of analysts recently commented on the stock. KeyCorp restated a “buy” rating and set a $50.00 price target on shares of PolyOne in a research note on Monday, January 29th. Northcoast Research restated a “neutral” rating on shares of PolyOne in a research note on Monday, January 29th. SunTrust Banks restated a “buy” rating on shares of PolyOne in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Oppenheimer restated a “buy” rating and set a $47.00 price target on shares of PolyOne in a research note on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.71.

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PolyOne 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.

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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