HBK Sorce Advisory LLC bought a new position in shares of PolyOne Co. (NYSE:POL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,000 shares of the specialty chemicals company’s stock, valued at approximately $1,218,000.
A number of other institutional investors have also bought and sold shares of the business. Metropolitan Life Insurance Co. NY acquired a new position in PolyOne during the fourth quarter worth $1,985,000. Macquarie Group Ltd. increased its position in PolyOne by 2.1% during the fourth quarter. Macquarie Group Ltd. now owns 64,204 shares of the specialty chemicals company’s stock worth $2,793,000 after buying an additional 1,300 shares during the last quarter. Jane Street Group LLC increased its position in PolyOne by 81.0% during the fourth quarter. Jane Street Group LLC now owns 14,758 shares of the specialty chemicals company’s stock worth $642,000 after buying an additional 6,603 shares during the last quarter. Verition Fund Management LLC acquired a new position in PolyOne during the fourth quarter worth $542,000. Finally, PEAK6 Investments L.P. acquired a new position in PolyOne during the fourth quarter worth $920,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:POL traded down $1.07 during midday trading on Friday, hitting $41.92. The company’s stock had a trading volume of 212,064 shares, compared to its average volume of 345,572. The company has a market cap of $3,390.82, a P/E ratio of 18.97, a P/E/G ratio of 1.59 and a beta of 1.66. PolyOne Co. has a fifty-two week low of $33.25 and a fifty-two week high of $47.48. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.29 and a current ratio of 1.87.
PolyOne (NYSE:POL) last issued its quarterly earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. equities analysts predict that PolyOne Co. will post 2.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 19th. PolyOne’s dividend payout ratio is currently 31.67%.
Several equities analysts have commented on the stock. Robert W. Baird downgraded shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Oppenheimer reissued a “buy” rating and set a $47.00 target price on shares of PolyOne in a research report on Tuesday, January 23rd. KeyCorp reissued a “buy” rating and set a $50.00 target price on shares of PolyOne in a research report on Monday, January 29th. Finally, ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $45.14.
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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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