Canada Pension Plan Investment Board lowered its holdings in PolyOne Corporation (NYSE:POL) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,900 shares of the specialty chemicals company’s stock after selling 28,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.15% of PolyOne Corporation worth $4,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of PolyOne Corporation by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 84 shares during the period. Oakbrook Investments LLC lifted its holdings in shares of PolyOne Corporation by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 6,050 shares of the specialty chemicals company’s stock worth $234,000 after acquiring an additional 150 shares during the period. Amalgamated Bank lifted its holdings in shares of PolyOne Corporation by 1.5% during the 2nd quarter. Amalgamated Bank now owns 11,704 shares of the specialty chemicals company’s stock worth $453,000 after acquiring an additional 175 shares during the period. Texas Permanent School Fund lifted its holdings in shares of PolyOne Corporation by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 59,691 shares of the specialty chemicals company’s stock worth $2,312,000 after acquiring an additional 201 shares during the period. Finally, State Treasurer State of Michigan lifted its holdings in shares of PolyOne Corporation by 0.9% during the 2nd quarter. State Treasurer State of Michigan now owns 33,700 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 300 shares during the period. 96.82% of the stock is owned by hedge funds and other institutional investors.

PolyOne Corporation (NYSE POL) opened at $45.15 on Wednesday. The stock has a market cap of $3,687.91, a P/E ratio of 20.94, a P/E/G ratio of 2.10 and a beta of 1.85. PolyOne Corporation has a 12-month low of $31.68 and a 12-month high of $46.59. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. PolyOne Corporation had a negative net margin of 1.87% and a positive return on equity of 27.77%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. analysts anticipate that PolyOne Corporation will post 2.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.55%. This is a boost from PolyOne Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 14th. PolyOne Corporation’s dividend payout ratio is currently -71.05%.

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A number of brokerages have recently weighed in on POL. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 price target on shares of PolyOne Corporation in a report on Friday, October 27th. Zacks Investment Research downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 price target on shares of PolyOne Corporation in a report on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. began coverage on shares of PolyOne Corporation in a report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.17.

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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