HBK Sorce Advisory LLC Invests $1.22 Million in PolyOne Co. (NYSE:POL)

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.

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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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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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