Public Employees Retirement Association of Colorado trimmed its stake in PolyOne Corporation (NYSE:POL) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 534,795 shares of the specialty chemicals company’s stock after selling 1,167 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.66% of PolyOne Corporation worth $21,408,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of PolyOne Corporation by 42.7% in the third quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock worth $66,978,000 after purchasing an additional 500,506 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of PolyOne Corporation in the third quarter worth $265,000. Rehmann Capital Advisory Group purchased a new position in shares of PolyOne Corporation in the third quarter worth $211,000. Nationwide Fund Advisors raised its stake in shares of PolyOne Corporation by 1.8% in the third quarter. Nationwide Fund Advisors now owns 290,297 shares of the specialty chemicals company’s stock worth $11,621,000 after purchasing an additional 5,217 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of PolyOne Corporation by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 107,142 shares of the specialty chemicals company’s stock worth $4,289,000 after purchasing an additional 2,588 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $818.50 million during the quarter, compared to analyst estimates of $789.32 million. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. PolyOne Corporation’s dividend payout ratio (DPR) is presently -71.05%.

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A number of research firms recently commented on POL. BidaskClub cut PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. began coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price objective for the company. CIBC began coverage on PolyOne Corporation in a research report on Thursday, August 17th. They set an “outperform” rating and a $43.00 price objective for the company. Zacks Investment Research upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $42.00 price objective on shares of PolyOne Corporation in a research report on Friday, September 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.17.

PolyOne Corporation 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.

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

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