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.

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About PolyOne

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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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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