MARSHALL WACE ASIA Ltd bought a new position in PolyOne Corporation (NYSE:POL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 133,640 shares of the specialty chemicals company’s stock, valued at approximately $4,544,000. MARSHALL WACE ASIA Ltd owned approximately 0.16% of PolyOne Corporation as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of PolyOne Corporation by 22.2% in the first quarter. Pacer Advisors Inc. now owns 9,947 shares of the specialty chemicals company’s stock worth $339,000 after buying an additional 1,810 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of PolyOne Corporation by 2.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 50,730 shares of the specialty chemicals company’s stock worth $1,625,000 after buying an additional 1,210 shares in the last quarter. State Street Corp boosted its position in shares of PolyOne Corporation by 0.6% in the fourth quarter. State Street Corp now owns 2,589,411 shares of the specialty chemicals company’s stock worth $82,965,000 after buying an additional 15,368 shares in the last quarter. Comerica Bank boosted its position in shares of PolyOne Corporation by 29.3% in the fourth quarter. Comerica Bank now owns 152,838 shares of the specialty chemicals company’s stock worth $5,013,000 after buying an additional 34,600 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of PolyOne Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 30,687 shares of the specialty chemicals company’s stock worth $1,046,000 after buying an additional 400 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors.
PolyOne Corporation (NYSE POL) traded down 1.29% during midday trading on Tuesday, reaching $37.38. The company’s stock had a trading volume of 39,445 shares. PolyOne Corporation has a one year low of $28.77 and a one year high of $40.88. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 18.15 and a beta of 1.69. The stock’s 50 day moving average price is $38.10 and its 200-day moving average price is $34.94.
PolyOne Corporation (NYSE:POL) last released its quarterly earnings results on Thursday, April 27th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. PolyOne Corporation had a net margin of 5.10% and a return on equity of 24.50%. The firm had revenue of $899 million during the quarter, compared to the consensus estimate of $860.52 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that PolyOne Corporation will post $2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 16th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.54 annualized dividend and a dividend yield of 1.43%. PolyOne Corporation’s dividend payout ratio (DPR) is presently 26.21%.
A number of research firms have commented on POL. Jefferies Group LLC raised PolyOne Corporation to a “hold” rating and set a $38.00 price target on the stock in a report on Thursday, March 2nd. Zacks Investment Research cut PolyOne Corporation from a “buy” rating to a “hold” rating in a report on Saturday, May 20th. Finally, TheStreet raised PolyOne Corporation from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.00.
PolyOne Corporation Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; 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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