PolyOne Corp. (NYSE:POL) traded down 3.4% on Thursday . The stock traded as low as $33.70 and last traded at $34.04, with a volume of 490,323 shares trading hands. The stock had previously closed at $35.22.

Several equities research analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating on shares of PolyOne Corp. in a research report on Wednesday, July 6th. Zacks Investment Research raised PolyOne Corp. from a “sell” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, April 20th. Seaport Global Securities raised PolyOne Corp. from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $37.00 to $41.00 in a research report on Wednesday, April 27th. TheStreet raised PolyOne Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. cut PolyOne Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $42.00 to $38.00 in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $38.00.

The stock has a market capitalization of $2.83 billion and a price-to-earnings ratio of 21.24. The company’s 50-day moving average price is $35.86 and its 200 day moving average price is $32.91.

PolyOne Corp. (NYSE:POL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $861.50 million for the quarter, compared to analyst estimates of $879.38 million. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Equities research analysts predict that PolyOne Corp. will post $2.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, September 14th.

Other hedge funds and institutional investors recently bought and sold shares of the company. Marshall Wace LLP raised its position in PolyOne Corp. by 102.9% in the fourth quarter. Marshall Wace LLP now owns 308,555 shares of the company’s stock valued at $9,800,000 after buying an additional 156,451 shares during the period. Jennison Associates LLC raised its position in PolyOne Corp. by 2.2% in the fourth quarter. Jennison Associates LLC now owns 1,891,799 shares of the company’s stock valued at $60,084,000 after buying an additional 40,337 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in PolyOne Corp. by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,925,714 shares of the company’s stock valued at $61,162,000 after buying an additional 107,475 shares during the period.

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