Texas Permanent School Fund decreased its position in shares of PolyOne Co. (NYSE:POL) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 54,620 shares of the specialty chemicals company’s stock after selling 5,092 shares during the quarter. Texas Permanent School Fund’s holdings in PolyOne were worth $2,376,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. increased its position in PolyOne by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 84 shares during the last quarter. World Asset Management Inc bought a new position in PolyOne during the third quarter valued at $209,000. Rehmann Capital Advisory Group bought a new position in PolyOne during the third quarter valued at $211,000. Koch Industries Inc. bought a new position in PolyOne during the second quarter valued at $227,000. Finally, Shelton Capital Management bought a new position in PolyOne during the second quarter valued at $246,000. Institutional investors and hedge funds own 92.70% of the company’s stock.
PolyOne Co. (POL) opened at $41.05 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 2.13. The company has a market cap of $3,464.89, a PE ratio of 19.40, a PEG ratio of 1.65 and a beta of 1.75. PolyOne Co. has a 1-year low of $32.43 and a 1-year high of $47.48.
PolyOne (NYSE:POL) last posted its quarterly earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. PolyOne had a negative net margin of 1.73% and a positive return on equity of 29.46%. The firm had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $739.77 million. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts predict that PolyOne Co. will post 2.54 EPS for the current year.
A number of research analysts have recently commented on the stock. Robert W. Baird cut shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target on the stock. in a report on Tuesday, January 16th. SunTrust Banks restated a “buy” rating and issued a $42.00 price target on shares of PolyOne in a report on Friday, October 27th. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Oppenheimer restated a “buy” rating and issued a $47.00 price target on shares of PolyOne in a report on Tuesday, January 23rd. Finally, KeyCorp set a $47.00 price target on shares of PolyOne and gave the stock a “buy” rating in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.71.
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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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