Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in PolyOne Corporation (NYSE:POL) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,932 shares of the specialty chemicals company’s stock after selling 71 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PolyOne Corporation were worth $462,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PolyOne Corporation by 57.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 1,370 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of PolyOne Corporation by 46.3% in the 1st quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 1,336 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of PolyOne Corporation by 215.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock worth $165,000 after buying an additional 2,900 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of PolyOne Corporation by 76.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock worth $167,000 after buying an additional 2,126 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of PolyOne Corporation in the 1st quarter worth approximately $190,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. CIBC assumed coverage on shares of PolyOne Corporation in a research report on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price objective on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of PolyOne Corporation in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price objective on the stock. Finally, BidaskClub raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.60.

Shares of PolyOne Corporation (NYSE:POL) opened at 39.01 on Friday. The firm’s 50-day moving average is $36.43 and its 200 day moving average is $36.58. PolyOne Corporation has a 52-week low of $28.77 and a 52-week high of $40.88. The stock’s market cap is $3.19 billion.

PolyOne Corporation (NYSE:POL) last issued its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $814.10 million for the quarter, compared to analysts’ expectations of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Analysts forecast that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a $0.135 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.54 annualized dividend and a yield of 1.40%. PolyOne Corporation’s dividend payout ratio (DPR) is -73.97%.

PolyOne Corporation Company Profile

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

Institutional Ownership by Quarter for PolyOne Corporation (NYSE:POL)

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