Schwab Charles Investment Management Inc. grew its position in shares of OMNOVA Solutions Inc. (NYSE:OMN) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,769 shares of the specialty chemicals company’s stock after buying an additional 8,235 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.75% of OMNOVA Solutions worth $3,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of OMN. Marshall Wace North America L.P. purchased a new stake in shares of OMNOVA Solutions during the second quarter valued at approximately $221,000. Alliancebernstein L.P. grew its holdings in shares of OMNOVA Solutions by 49.1% during the second quarter. Alliancebernstein L.P. now owns 27,930 shares of the specialty chemicals company’s stock valued at $272,000 after buying an additional 9,200 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of OMNOVA Solutions by 3.7% during the second quarter. Teachers Advisors LLC now owns 104,253 shares of the specialty chemicals company’s stock valued at $1,016,000 after buying an additional 3,763 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of OMNOVA Solutions by 2.4% during the second quarter. TIAA CREF Investment Management LLC now owns 144,090 shares of the specialty chemicals company’s stock valued at $1,405,000 after buying an additional 3,334 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of OMNOVA Solutions by 28.9% during the second quarter. Nationwide Fund Advisors now owns 149,785 shares of the specialty chemicals company’s stock valued at $1,460,000 after buying an additional 33,592 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Shares of OMNOVA Solutions Inc. (NYSE OMN) opened at $10.70 on Friday. OMNOVA Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $11.60. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.38 and a quick ratio of 1.71. The stock has a market cap of $480.08, a P/E ratio of -76.43, a P/E/G ratio of 1.54 and a beta of 2.17.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Jefferies Group reiterated a “buy” rating and set a $12.00 price target on shares of OMNOVA Solutions in a report on Thursday, October 12th. ValuEngine cut shares of OMNOVA Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, KeyCorp reiterated a “hold” rating on shares of OMNOVA Solutions in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.67.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/omnova-solutions-inc-omn-stake-raised-by-schwab-charles-investment-management-inc/1806779.html.

OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

Institutional Ownership by Quarter for OMNOVA Solutions (NYSE:OMN)

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