PolyOne Co. (POL) Holdings Trimmed by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. cut its holdings in shares of PolyOne Co. (NYSE:POL) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 729,878 shares of the specialty chemicals company’s stock after selling 13,650 shares during the period. Rothschild Asset Management Inc. owned about 0.91% of PolyOne worth $31,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its stake 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 purchasing an additional 1,300 shares during the last quarter. Strs Ohio lifted its stake in PolyOne by 16.7% during the fourth quarter. Strs Ohio now owns 9,800 shares of the specialty chemicals company’s stock worth $426,000 after purchasing an additional 1,400 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its stake in PolyOne by 22.2% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 7,929 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 1,443 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PolyOne by 36.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,555 shares of the specialty chemicals company’s stock worth $242,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in PolyOne by 2.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 58,246 shares of the specialty chemicals company’s stock worth $2,534,000 after purchasing an additional 1,583 shares during the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut PolyOne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Oppenheimer reiterated a “buy” rating and issued a $47.00 price target on shares of PolyOne in a research note on Tuesday, January 23rd. Northcoast Research reiterated a “neutral” rating on shares of PolyOne in a research note on Monday, January 29th. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of PolyOne in a research note on Monday, January 29th. Finally, ValuEngine upgraded PolyOne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. 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 a consensus rating of “Buy” and a consensus target price of $45.29.

Shares of PolyOne opened at $43.60 on Friday, according to MarketBeat Ratings. PolyOne Co. has a 52 week low of $42.93 and a 52 week high of $43.18. The firm has a market capitalization of $3.47 billion, a PE ratio of 18.89, a PEG ratio of 1.63 and a beta of 1.68. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.81 and a quick ratio of 1.25.

PolyOne (NYSE:POL) last announced its quarterly earnings results on Thursday, April 26th. The specialty chemicals company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. PolyOne had a positive return on equity of 32.45% and a negative net margin of 1.73%. The company had revenue of $901.60 million during the quarter, compared to analysts’ expectations of $870.60 million. During the same period in the prior year, the company earned $0.59 EPS. PolyOne’s revenue was up 13.2% compared to the same quarter last year. analysts expect that PolyOne Co. will post 2.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Friday, June 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.61%. PolyOne’s dividend payout ratio is currently 31.67%.

PolyOne Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply