UBS Group AG grew its holdings in shares of PolyOne Co. (NYSE:POL) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,375 shares of the specialty chemicals company’s stock after purchasing an additional 68,209 shares during the period. UBS Group AG owned approximately 0.27% of PolyOne worth $4,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its stake in PolyOne by 24,667.3% in the 1st quarter. FMR LLC now owns 243,463 shares of the specialty chemicals company’s stock worth $7,136,000 after acquiring an additional 242,480 shares during the last quarter. First Trust Advisors LP raised its stake in PolyOne by 253.4% in the 1st quarter. First Trust Advisors LP now owns 67,492 shares of the specialty chemicals company’s stock worth $1,978,000 after acquiring an additional 48,396 shares during the last quarter. State of Michigan Retirement System raised its stake in PolyOne by 1.3% in the 4th quarter. State of Michigan Retirement System now owns 22,600 shares of the specialty chemicals company’s stock worth $831,000 after acquiring an additional 300 shares during the last quarter. California Public Employees Retirement System raised its stake in PolyOne by 12.0% in the 4th quarter. California Public Employees Retirement System now owns 235,667 shares of the specialty chemicals company’s stock worth $8,670,000 after acquiring an additional 25,253 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in PolyOne by 839.8% in the 4th quarter. SG Americas Securities LLC now owns 35,919 shares of the specialty chemicals company’s stock worth $1,321,000 after acquiring an additional 32,097 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Shares of POL opened at $24.10 on Friday. The business’s 50-day moving average is $21.12 and its two-hundred day moving average is $28.01. The company has a market capitalization of $2.15 billion, a P/E ratio of 3.22, a P/E/G ratio of 1.73 and a beta of 1.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.50 and a current ratio of 2.89. PolyOne Co. has a fifty-two week low of $8.69 and a fifty-two week high of $37.33.

PolyOne (NYSE:POL) last announced its quarterly earnings results on Tuesday, April 21st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. PolyOne had a return on equity of 16.97% and a net margin of 19.58%. The company had revenue of $711.50 million for the quarter, compared to the consensus estimate of $736.26 million. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts forecast that PolyOne Co. will post 1.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Friday, June 12th will be given a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, June 11th. PolyOne’s dividend payout ratio (DPR) is presently 47.93%.

In other PolyOne news, SVP J Scott Horn bought 5,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $14.81 per share, for a total transaction of $74,050.00. Also, Director Richard H. Fearon bought 9,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $13.52 per share, for a total transaction of $121,680.00. Following the completion of the transaction, the director now directly owns 109,980 shares in the company, valued at $1,486,929.60. The disclosure for this purchase can be found here. Insiders have bought a total of 15,000 shares of company stock worth $213,490 over the last 90 days. Insiders own 0.97% of the company’s stock.

A number of equities analysts recently issued reports on POL shares. Wells Fargo & Co restated a “buy” rating and issued a $27.00 target price (up previously from $23.00) on shares of PolyOne in a research note on Thursday, May 7th. SunTrust Banks reduced their target price on PolyOne from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Stifel Nicolaus raised PolyOne from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Zacks Investment Research downgraded PolyOne from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine raised PolyOne from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.75.

PolyOne Profile

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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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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