Eagle Asset Management Inc. purchased a new position in PolyOne Co. (NYSE:POL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 129,270 shares of the specialty chemicals company’s stock, valued at approximately $5,623,000. Eagle Asset Management Inc. owned approximately 0.16% of PolyOne at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in POL. Royal Bank of Canada increased its holdings in shares of PolyOne by 119.1% in the second quarter. Royal Bank of Canada now owns 78,695 shares of the specialty chemicals company’s stock worth $3,049,000 after acquiring an additional 42,775 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of PolyOne by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 107,142 shares of the specialty chemicals company’s stock worth $4,289,000 after acquiring an additional 2,588 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of PolyOne by 1.8% in the third quarter. Nationwide Fund Advisors now owns 290,297 shares of the specialty chemicals company’s stock worth $11,621,000 after acquiring an additional 5,217 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of PolyOne in the third quarter worth about $211,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of PolyOne in the third quarter worth about $265,000. Institutional investors own 91.08% of the company’s stock.
PolyOne Co. (NYSE:POL) opened at $41.87 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3,370.61, a PE ratio of 18.85, a PEG ratio of 1.58 and a beta of 1.75. PolyOne Co. has a 52-week low of $32.43 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 earnings per share 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 analysts’ expectations of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. PolyOne’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. research analysts anticipate that PolyOne Co. will post 2.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.70 annualized dividend and a dividend yield of 1.67%. PolyOne’s dividend payout ratio is currently -100.00%.
Several equities research analysts have issued reports on POL shares. SunTrust Banks restated a “buy” rating and issued a $42.00 price target on shares of PolyOne in a report on Friday, October 27th. ValuEngine upgraded PolyOne from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded PolyOne from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, December 27th. Robert W. Baird downgraded PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Tuesday, January 16th. Finally, Oppenheimer restated a “buy” rating and issued a $47.00 price target on shares of PolyOne in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. PolyOne presently has an average rating of “Buy” and a consensus target price of $45.71.
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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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