PolyOne Corporation (POL) Stake Boosted by Stifel Financial Corp
Stifel Financial Corp lifted its holdings in PolyOne Corporation (NYSE:POL) by 7.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,680 shares of the specialty chemicals company’s stock after acquiring an additional 19,482 shares during the period. Stifel Financial Corp owned 0.36% of PolyOne worth $11,592,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of PolyOne by 27,668.9% in the second quarter. Victory Capital Management Inc. now owns 1,172,679 shares of the specialty chemicals company’s stock worth $45,429,000 after acquiring an additional 1,168,456 shares during the period. Prudential Financial Inc. boosted its stake in shares of PolyOne by 46.9% in the third quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock worth $30,062,000 after acquiring an additional 239,700 shares during the period. Keybank National Association OH bought a new position in shares of PolyOne in the second quarter worth about $1,240,000. Strs Ohio boosted its stake in shares of PolyOne by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the specialty chemicals company’s stock worth $340,000 after acquiring an additional 500 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of PolyOne in the second quarter worth about $471,000. 93.80% of the stock is owned by hedge funds and other institutional investors.
PolyOne Corporation (POL) traded down $0.27 during trading hours on Monday, hitting $44.23. The company had a trading volume of 261,000 shares, compared to its average volume of 482,727. The company has a quick ratio of 1.38, a current ratio of 1.96 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $3,573.97, a P/E ratio of 20.29, a P/E/G ratio of 2.04 and a beta of 1.83. PolyOne Corporation has a 12 month low of $31.68 and a 12 month high of $46.79.
PolyOne (NYSE:POL) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $818.50 million for 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%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. equities research analysts predict that PolyOne Corporation 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, December 14th. PolyOne’s payout ratio is currently -71.05%.
A number of equities analysts have recently weighed in on POL shares. Zacks Investment Research raised PolyOne from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $42.00 target price on shares of PolyOne in a research report on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and issued a $42.00 target price on shares of PolyOne in a research report on Friday, September 15th. SunTrust Banks reiterated a “buy” rating and issued a $42.00 target price on shares of PolyOne in a research report on Friday, October 27th. Finally, KeyCorp set a $47.00 target price on PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.17.
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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