Jane Street Group LLC lessened its stake in shares of PolyOne Co. (NYSE:POL) by 45.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,155 shares of the specialty chemicals company’s stock after selling 6,885 shares during the period. Jane Street Group LLC’s holdings in PolyOne were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of POL. Strs Ohio raised its holdings in PolyOne by 6.0% in the 2nd quarter. Strs Ohio now owns 8,800 shares of the specialty chemicals company’s stock valued at $340,000 after buying an additional 500 shares during the period. Great West Life Assurance Co. Can raised its holdings in PolyOne by 3.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 51,053 shares of the specialty chemicals company’s stock valued at $1,976,000 after buying an additional 1,490 shares during the period. TD Asset Management Inc. raised its holdings in PolyOne by 14.2% in the 2nd quarter. TD Asset Management Inc. now owns 20,900 shares of the specialty chemicals company’s stock valued at $810,000 after buying an additional 2,600 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in PolyOne by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 561,286 shares of the specialty chemicals company’s stock valued at $21,745,000 after buying an additional 38,169 shares during the period. Finally, Arizona State Retirement System raised its holdings in PolyOne by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 34,500 shares of the specialty chemicals company’s stock valued at $1,337,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 93.67% of the company’s stock.

Several brokerages recently issued reports on POL. Robert W. Baird restated a “buy” rating and issued a $42.00 price objective on shares of PolyOne in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 price objective on shares of PolyOne and gave the company a “buy” rating in a report on Thursday, October 26th. Jefferies Group restated a “hold” rating and issued a $42.00 price objective on shares of PolyOne in a report on Thursday, October 19th. Finally, SunTrust Banks restated a “buy” rating and issued a $42.00 price objective on shares of PolyOne in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.17.

PolyOne Co. (NYSE:POL) opened at $43.97 on Thursday. The firm has a market capitalization of $3,545.69, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.83. 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 52-week low of $31.68 and a 52-week high of $46.79.

PolyOne (NYSE:POL) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million during the quarter, compared to the consensus estimate of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. PolyOne’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. equities research analysts anticipate that PolyOne Co. will post 2.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a $0.175 dividend. This is an increase from PolyOne’s previous quarterly dividend of $0.14. This represents a $0.70 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 14th. PolyOne’s payout ratio is currently -92.10%.

COPYRIGHT VIOLATION NOTICE: “Jane Street Group LLC Has $326,000 Stake in PolyOne Co. (POL)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/jane-street-group-llc-has-326000-stake-in-polyone-co-pol/1776215.html.

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.

Want to see what other hedge funds are holding POL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PolyOne Co. (NYSE:POL).

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.