PolyOne Co. (NYSE:POL) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 819,000 shares, a decrease of 29.2% from the April 30th total of 1,157,000 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 756,800 shares, the short-interest ratio is presently 1.1 days.

POL traded down $0.18 during trading on Monday, hitting $28.50. The company’s stock had a trading volume of 30,780 shares, compared to its average volume of 654,597. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.16 and a current ratio of 1.81. PolyOne has a one year low of $24.47 and a one year high of $45.70. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.23 and a beta of 1.61. The stock has a 50 day moving average price of $26.63.

PolyOne (NYSE:POL) last released its quarterly earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). PolyOne had a return on equity of 32.76% and a net margin of 4.28%. The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $922.33 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Analysts expect that PolyOne will post 2.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be given a $0.195 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.78 annualized dividend and a yield of 2.74%. PolyOne’s payout ratio is presently 32.10%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POL. Wells Fargo & Company MN increased its stake in shares of PolyOne by 7.3% in the first quarter. Wells Fargo & Company MN now owns 3,561,551 shares of the specialty chemicals company’s stock worth $104,389,000 after purchasing an additional 243,372 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PolyOne by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,087,245 shares of the specialty chemicals company’s stock worth $59,695,000 after purchasing an additional 37,819 shares in the last quarter. Jennison Associates LLC increased its stake in shares of PolyOne by 0.3% in the fourth quarter. Jennison Associates LLC now owns 1,654,008 shares of the specialty chemicals company’s stock worth $47,305,000 after purchasing an additional 5,699 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of PolyOne by 2.8% in the first quarter. Victory Capital Management Inc. now owns 1,330,663 shares of the specialty chemicals company’s stock worth $39,002,000 after purchasing an additional 36,006 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of PolyOne by 13.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,330,555 shares of the specialty chemicals company’s stock worth $38,053,000 after purchasing an additional 153,732 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

POL has been the topic of a number of research analyst reports. SunTrust Banks upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, May 31st. Zacks Investment Research downgraded shares of PolyOne from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. KeyCorp decreased their price target on shares of PolyOne from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. ValuEngine downgraded shares of PolyOne from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 18th. Finally, Northcoast Research upgraded shares of PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

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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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