Zacks Investment Research downgraded shares of PolyOne (NYSE:POL) from a hold rating to a sell rating in a report published on Thursday, Zacks.com reports.

According to Zacks, “PolyOne Corporation is a premier provider of specialized polymer materials, services and solutions. PolyOne are dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. PolyOne, business is structured to provide operations with the specialized polymer materials, services and solutions need. PolyOne are a premier provider of specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. A leading provider of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols, and vinyl slush molding solutions. “

A number of other equities research analysts also recently issued reports on POL. Buckingham Research initiated coverage on shares of PolyOne in a research note on Tuesday, February 5th. They set a buy rating and a $32.40 price target on the stock. ValuEngine downgraded shares of PolyOne from a sell rating to a strong sell rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $36.83.

PolyOne stock opened at $28.56 on Thursday. The firm has a market cap of $2.22 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.53. PolyOne has a 52-week low of $26.16 and a 52-week high of $45.70.

PolyOne (NYSE:POL) last released its quarterly earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The business had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $922.33 million. PolyOne had a net margin of 4.28% and a return on equity of 32.76%. PolyOne’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. On average, equities research analysts predict that PolyOne will post 2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Thursday, March 14th. PolyOne’s dividend payout ratio is currently 32.10%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC raised its stake in shares of PolyOne by 75.7% in the fourth quarter. Squarepoint Ops LLC now owns 52,344 shares of the specialty chemicals company’s stock valued at $1,497,000 after acquiring an additional 22,546 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of PolyOne in the fourth quarter valued at $225,000. Macquarie Group Ltd. raised its stake in shares of PolyOne by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 110,514 shares of the specialty chemicals company’s stock valued at $3,161,000 after acquiring an additional 22,300 shares during the period. Geode Capital Management LLC increased its stake in PolyOne by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 956,936 shares of the specialty chemicals company’s stock worth $27,367,000 after buying an additional 55,827 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in PolyOne in the 4th quarter worth about $549,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.

About PolyOne

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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