Oregon Public Employees Retirement Fund trimmed its holdings in shares of PolyOne Corporation (NYSE:POL) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,140 shares of the specialty chemicals company’s stock after selling 1,825 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PolyOne Corporation were worth $1,207,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of PolyOne Corporation by 3.1% during the second quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock worth $119,744,000 after purchasing an additional 92,253 shares during the last quarter. State Street Corp lifted its position in shares of PolyOne Corporation by 3.2% during the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after purchasing an additional 86,473 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of PolyOne Corporation by 12.0% during the second quarter. Wells Fargo & Company MN now owns 2,096,520 shares of the specialty chemicals company’s stock worth $81,220,000 after purchasing an additional 225,312 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PolyOne Corporation by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,068,582 shares of the specialty chemicals company’s stock valued at $80,135,000 after acquiring an additional 47,349 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in shares of PolyOne Corporation by 0.9% in the third quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock valued at $80,990,000 after acquiring an additional 17,745 shares in the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

Shares of PolyOne Corporation (NYSE POL) opened at $45.15 on Wednesday. PolyOne Corporation has a 52 week low of $31.68 and a 52 week high of $46.59. The firm has a market capitalization of $3,687.91, a PE ratio of 20.94, a PEG ratio of 2.10 and a beta of 1.85. 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 issued its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. research analysts forecast that PolyOne Corporation will post 2.19 EPS for the current fiscal year.

The firm 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 dividend of $0.175 per share. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.55%. PolyOne Corporation’s payout ratio is presently -71.05%.

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Several analysts recently weighed in on POL shares. Zacks Investment Research downgraded PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Jefferies Group LLC restated a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a report on Friday, September 15th. Robert W. Baird restated a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a report on Thursday, October 12th. BidaskClub downgraded PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. PolyOne Corporation presently has an average rating of “Buy” and an average target price 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.

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

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