Teachers Retirement System of The State of Kentucky trimmed its stake in shares of PolyOne Corporation (NYSE:POL) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,257 shares of the specialty chemicals company’s stock after selling 2,640 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of PolyOne Corporation worth $2,141,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in POL. BlackRock Inc. grew its stake in shares of PolyOne Corporation by 13,264.4% during the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after purchasing an additional 9,712,953 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of PolyOne Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock valued at $239,657,000 after purchasing an additional 295,988 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of PolyOne Corporation by 3.1% in the second quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock valued at $119,744,000 after purchasing an additional 92,253 shares in the last quarter. State Street Corp increased its holdings in shares of PolyOne Corporation by 4.0% in the first quarter. State Street Corp now owns 2,692,208 shares of the specialty chemicals company’s stock valued at $91,775,000 after purchasing an additional 102,797 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of PolyOne Corporation by 5.6% in the first quarter. TimesSquare Capital Management LLC now owns 2,150,899 shares of the specialty chemicals company’s stock valued at $73,324,000 after purchasing an additional 114,415 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

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POL has been the topic of several research reports. Zacks Investment Research downgraded PolyOne Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. BidaskClub upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of PolyOne Corporation in a research note on Friday, September 15th. CIBC assumed coverage on PolyOne Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 target price for the company. Finally, Oppenheimer Holdings, Inc. assumed coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.60.

Shares of PolyOne Corporation (NYSE:POL) opened at 40.76 on Tuesday. The stock’s 50 day moving average is $37.36 and its 200 day moving average is $36.99. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $40.88. The firm’s market cap is $3.33 billion.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.54 annualized dividend and a dividend yield of 1.32%. PolyOne Corporation’s dividend payout ratio is -73.97%.

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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