Dynamic Technology Lab Private Ltd Invests $205,000 in PolyOne Corp. (POL)
Dynamic Technology Lab Private Ltd purchased a new position in PolyOne Corp. (NYSE:POL) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,815 shares of the company’s stock, valued at approximately $205,000.
Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in PolyOne Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,830 shares of the company’s stock worth $100,000 after buying an additional 1,234 shares during the period. LS Investment Advisors LLC increased its stake in PolyOne Corp. by 71.7% in the second quarter. LS Investment Advisors LLC now owns 5,076 shares of the company’s stock worth $179,000 after buying an additional 2,119 shares during the period. Capstone Asset Management Co. acquired a new stake in PolyOne Corp. during the second quarter worth $202,000. Neuberger Berman Group LLC acquired a new stake in PolyOne Corp. during the second quarter worth $219,000. Finally, Oakbrook Investments LLC acquired a new stake in PolyOne Corp. during the second quarter worth $222,000. 92.51% of the stock is owned by institutional investors and hedge funds.
Shares of PolyOne Corp. (NYSE:POL) opened at 33.23 on Thursday. The stock has a 50 day moving average of $33.26 and a 200-day moving average of $34.62. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.97 and a beta of 1.41. PolyOne Corp. has a 12 month low of $22.35 and a 12 month high of $38.41.
PolyOne Corp. (NYSE:POL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business earned $861.50 million during the quarter, compared to analyst estimates of $879.38 million. PolyOne Corp. had a net margin of 4.11% and a return on equity of 25.34%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. On average, analysts forecast that PolyOne Corp. will post $2.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 16th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.45%. PolyOne Corp.’s dividend payout ratio (DPR) is presently 30.19%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of PolyOne Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Saturday, July 30th. Wellington Shields upgraded shares of PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a report on Thursday, June 30th. Jefferies Group restated a “hold” rating on shares of PolyOne Corp. in a report on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. cut shares of PolyOne Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $42.00 to $38.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
PolyOne Corp. Company Profile
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