UBS Asset Management Americas Inc. boosted its position in PolyOne Corporation (NYSE:POL) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,819 shares of the specialty chemicals company’s stock after purchasing an additional 4,362 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of PolyOne Corporation worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its position in PolyOne Corporation by 19.8% in the first quarter. Legal & General Group Plc now owns 78,003 shares of the specialty chemicals company’s stock valued at $2,659,000 after purchasing an additional 12,873 shares during the period. Victory Capital Management Inc. lifted its position in PolyOne Corporation by 27,668.9% in the second quarter. Victory Capital Management Inc. now owns 1,172,679 shares of the specialty chemicals company’s stock valued at $45,429,000 after purchasing an additional 1,168,456 shares during the period. Keybank National Association OH acquired a new stake in PolyOne Corporation in the second quarter valued at about $1,240,000. Strs Ohio lifted its position in PolyOne Corporation by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the specialty chemicals company’s stock valued at $340,000 after purchasing an additional 500 shares during the period. Finally, WBI Investments Inc. lifted its position in PolyOne Corporation by 13.7% in the second quarter. WBI Investments Inc. now owns 23,084 shares of the specialty chemicals company’s stock valued at $894,000 after purchasing an additional 2,783 shares during the period. Hedge funds and other institutional investors own 93.98% of the company’s stock.

A number of equities research analysts recently commented on the stock. Robert W. Baird restated a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research report on Thursday. Jefferies Group LLC restated 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 for the company. Finally, 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 for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.50.

ILLEGAL ACTIVITY WARNING: This article was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.dailypolitical.com/2017/10/16/polyone-corporation-pol-position-raised-by-ubs-asset-management-americas-inc.html.

Shares of PolyOne Corporation (POL) opened at 41.48 on Monday. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $41.78. The company has a 50-day moving average of $38.59 and a 200-day moving average of $37.48. The firm’s market cap is $3.39 billion.

PolyOne Corporation (NYSE:POL) last issued its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $814.10 million during the quarter, compared to analyst estimates of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. Equities analysts forecast that PolyOne Corporation will post $2.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th will be paid a $0.175 dividend. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, December 14th. PolyOne Corporation’s dividend payout ratio is currently -73.97%.

About PolyOne Corporation

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.

Want to see what other hedge funds are holding POL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PolyOne Corporation (NYSE:POL).

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

Receive News & Ratings for PolyOne Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne Corporation and related companies with MarketBeat.com's FREE daily email newsletter.