69,558 Shares in PolyOne Co. (POL) Purchased by Mondrian Investment Partners LTD
Mondrian Investment Partners LTD purchased a new stake in PolyOne Co. (NYSE:POL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 69,558 shares of the specialty chemicals company’s stock, valued at approximately $3,026,000.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of PolyOne by 46.9% in the 3rd quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock valued at $30,062,000 after acquiring an additional 239,700 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of PolyOne in the 2nd quarter valued at about $471,000. Principal Financial Group Inc. lifted its holdings in shares of PolyOne by 5.1% in the 2nd quarter. Principal Financial Group Inc. now owns 352,827 shares of the specialty chemicals company’s stock valued at $13,669,000 after acquiring an additional 16,993 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of PolyOne by 72.8% in the 3rd quarter. American Century Companies Inc. now owns 1,069,954 shares of the specialty chemicals company’s stock valued at $42,830,000 after acquiring an additional 450,916 shares during the last quarter. Finally, Putnam FL Investment Management Co. bought a new position in shares of PolyOne in the 3rd quarter valued at about $797,000. 93.67% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the stock. Robert W. Baird downgraded shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Tuesday. Zacks Investment Research lowered shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and issued a $42.00 price objective on shares of PolyOne in a research report on Friday, October 27th. Finally, KeyCorp set a $47.00 price objective on shares of PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. PolyOne presently has an average rating of “Buy” and a consensus price target of $44.57.
Shares of PolyOne Co. (POL) opened at $43.73 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38. PolyOne Co. has a 1 year low of $31.68 and a 1 year high of $46.79. The firm has a market cap of $3,589.32, a PE ratio of -57.54, a P/E/G ratio of 1.80 and a beta of 1.84.
PolyOne (NYSE:POL) last posted its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. equities research analysts predict that PolyOne Co. will post 2.19 earnings per share for the current fiscal year.
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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