Kalmar Investments Inc. DE Reduces Position in PolyOne Corp. (POL)
Kalmar Investments Inc. DE decreased its position in PolyOne Corp. (NYSE:POL) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 1,125,302 shares of the company’s stock after selling 78,667 shares during the period. PolyOne Corp. makes up 1.8% of Kalmar Investments Inc. DE’s investment portfolio, making the stock its 10th largest position. Kalmar Investments Inc. DE’s holdings in PolyOne Corp. were worth $39,656,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of POL. LS Investment Advisors LLC raised its position in shares of 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 position in shares of PolyOne Corp. during the second quarter valued at about $202,000. Oakbrook Investments LLC acquired a new position in shares of PolyOne Corp. during the second quarter valued at about $222,000. Adams Diversified Equity Fund Inc. acquired a new position in shares of PolyOne Corp. during the second quarter valued at about $352,000. Finally, Magnetar Financial LLC raised its position in shares of PolyOne Corp. by 10.4% in the first quarter. Magnetar Financial LLC now owns 13,317 shares of the company’s stock valued at $403,000 after buying an additional 1,254 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors and hedge funds.
PolyOne Corp. (NYSE:POL) traded down 1.28% during midday trading on Tuesday, hitting $30.73. 937,640 shares of the stock traded hands. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 19.39 and a beta of 1.41. The company has a 50-day moving average price of $32.90 and a 200 day moving average price of $34.73. PolyOne Corp. has a one year low of $22.35 and a one year high of $38.41.
PolyOne Corp. (NYSE:POL) last posted its earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $879.38 million. PolyOne Corp. had a net margin of 4.11% and a return on equity of 25.34%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Equities research analysts anticipate that PolyOne Corp. will post $2.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 16th will be paid a dividend of $0.1325 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.53 dividend on an annualized basis and a yield of 1.72%. This is a boost from PolyOne Corp.’s previous quarterly dividend of $0.12. PolyOne Corp.’s dividend payout ratio is currently 30.19%.
Several equities research analysts have weighed in on POL shares. Goldman Sachs Group Inc. downgraded shares of PolyOne Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $38.00 in a research note on Wednesday, July 27th. Zacks Investment Research upgraded shares of PolyOne Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Saturday, July 30th. Jefferies Group restated a “hold” rating on shares of PolyOne Corp. in a research note on Wednesday, July 6th. Finally, Wellington Shields upgraded shares of PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. PolyOne Corp. presently has a consensus rating of “Hold” and an average target price of $37.33.
PolyOne Corp. Company Profile
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