RE Advisers Corp held its stake in shares of PolyOne Corporation (NYSE:POL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,853,949 shares of the specialty chemicals company’s stock at the end of the second quarter. RE Advisers Corp owned about 2.27% of PolyOne Corporation worth $71,822,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake 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 during the period. Legal & General Group Plc boosted its stake in shares of PolyOne Corporation by 19.8% in the first quarter. Legal & General Group Plc now owns 78,003 shares of the specialty chemicals company’s stock worth $2,659,000 after buying an additional 12,873 shares during the period. Menta Capital LLC bought a new stake in shares of PolyOne Corporation during the first quarter worth $232,000. Principal Financial Group Inc. boosted its stake in shares of PolyOne Corporation by 0.4% in the first quarter. Principal Financial Group Inc. now owns 335,834 shares of the specialty chemicals company’s stock worth $11,449,000 after buying an additional 1,473 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in shares of PolyOne Corporation during the first quarter worth $3,838,000. 97.03% of the stock is owned by hedge funds and other institutional investors.
Shares of PolyOne Corporation (NYSE POL) traded up 0.52% during midday trading on Friday, hitting $36.43. 283,446 shares of the stock were exchanged. The company’s market cap is $2.98 billion. The firm has a 50-day moving average price of $37.27 and a 200-day moving average price of $36.19. PolyOne Corporation has a 12-month low of $28.77 and a 12-month high of $40.88.
PolyOne Corporation (NYSE:POL) last issued its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $814.10 million for the quarter, compared to the consensus estimate of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. PolyOne Corporation’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. On average, equities analysts predict that PolyOne Corporation will post $2.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.54 annualized dividend and a yield of 1.48%. PolyOne Corporation’s dividend payout ratio is presently -73.97%.
POL has been the subject of a number of research reports. BidaskClub cut shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a report on Saturday, May 20th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of PolyOne Corporation in a report on Wednesday. They issued an “outperform” rating and a $43.00 target price for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. PolyOne Corporation presently has a consensus rating of “Buy” and a consensus target price of $40.80.
PolyOne Corporation Company Profile
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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