United Services Automobile Association maintained its stake in PolyOne Corporation (NYSE:POL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,000 shares of the specialty chemicals company’s stock at the end of the first quarter. United Services Automobile Association owned about 0.22% of PolyOne Corporation worth $6,273,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Azimuth Capital Management LLC boosted its stake in shares of PolyOne Corporation by 0.7% in the fourth quarter. Azimuth Capital Management LLC now owns 7,200 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 50 shares during the period. Federated Investors Inc. PA raised its stake in shares of PolyOne Corporation by 0.3% in the fourth quarter. Federated Investors Inc. PA now owns 46,313 shares of the specialty chemicals company’s stock valued at $1,484,000 after buying an additional 149 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of PolyOne Corporation by 2.0% in the first quarter. Advisors Asset Management Inc. now owns 11,830 shares of the specialty chemicals company’s stock valued at $403,000 after buying an additional 231 shares in the last quarter. Oregon Public Employees Retirement Fund raised 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 during the period. Finally, Creative Planning raised its position in shares of PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock worth $154,000 after buying an additional 836 shares during the period. Institutional investors own 93.43% of the company’s stock.
PolyOne Corporation (NYSE POL) traded down 1.03% during mid-day trading on Tuesday, hitting $37.48. 28,471 shares of the stock traded hands. The stock’s 50 day moving average is $38.10 and its 200-day moving average is $34.94. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 18.20 and a beta of 1.69. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $40.88.
PolyOne Corporation (NYSE:POL) last released its earnings results on Thursday, April 27th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. PolyOne Corporation had a net margin of 5.10% and a return on equity of 24.50%. The business had revenue of $899 million for the quarter, compared to the consensus estimate of $860.52 million. During the same period in the previous year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that PolyOne Corporation will post $2.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 16th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.43%. PolyOne Corporation’s payout ratio is currently 26.21%.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded PolyOne Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, May 3rd. TheStreet raised PolyOne Corporation from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Finally, Jefferies Group LLC upgraded PolyOne Corporation to a “hold” rating and set a $38.00 target price on the stock in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average 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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