Sei Investments Co. boosted its stake in PolyOne Corporation (NYSE:POL) by 41.2% during the second quarter, Holdings Channel reports. The institutional investor owned 173,249 shares of the specialty chemicals company’s stock after buying an additional 50,533 shares during the period. Sei Investments Co.’s holdings in PolyOne Corporation were worth $6,712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in PolyOne Corporation by 57.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 1,370 shares in the last quarter. Victory Capital Management Inc. raised its position in PolyOne Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 1,336 shares in the last quarter. Creative Planning raised its position in PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 836 shares in the last quarter. Envestnet Asset Management Inc. raised its position in PolyOne Corporation by 76.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 2,126 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in PolyOne Corporation during the first quarter valued at approximately $190,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Shares of PolyOne Corporation (POL) opened at 36.56 on Tuesday. The stock has a 50 day moving average price of $37.45 and a 200 day moving average price of $36.15. PolyOne Corporation has a 52 week low of $28.77 and a 52 week high of $40.88. The firm’s market capitalization is $2.99 billion.

PolyOne Corporation (NYSE:POL) last announced its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The firm had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $812.52 million. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.54 dividend on an annualized basis and a yield of 1.48%. PolyOne Corporation’s dividend payout ratio (DPR) is -73.97%.

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded PolyOne Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, May 3rd. BidaskClub lowered PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded PolyOne Corporation from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. PolyOne Corporation presently has an average rating of “Hold” and an average price target of $39.33.

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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Institutional Ownership by Quarter for PolyOne Corporation (NYSE:POL)

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