Alambic Investment Management L.P. cut its stake in PolyOne Co. (NYSE:POL) by 14.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,650 shares of the specialty chemicals company’s stock after selling 10,500 shares during the period. Alambic Investment Management L.P. owned about 0.08% of PolyOne worth $2,749,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY purchased a new stake in PolyOne during the 4th quarter worth about $1,985,000. Lazard Asset Management LLC lifted its holdings in PolyOne by 10.2% during the 4th quarter. Lazard Asset Management LLC now owns 364,997 shares of the specialty chemicals company’s stock worth $15,877,000 after buying an additional 33,730 shares during the last quarter. Millennium Management LLC lifted its holdings in PolyOne by 1,018.6% during the 4th quarter. Millennium Management LLC now owns 234,517 shares of the specialty chemicals company’s stock worth $10,201,000 after buying an additional 213,552 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in PolyOne during the 4th quarter worth about $879,000. Finally, Koch Industries Inc. purchased a new stake in PolyOne during the 4th quarter worth about $639,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

PolyOne opened at $43.60 on Friday, Marketbeat Ratings reports. PolyOne Co. has a fifty-two week low of $42.93 and a fifty-two week high of $43.18. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $3.41 billion, a PE ratio of 19.73, a PEG ratio of 1.60 and a beta of 1.68.

PolyOne (NYSE:POL) last posted its earnings results on Thursday, April 26th. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. PolyOne had a positive return on equity of 32.45% and a negative net margin of 1.73%. The business had revenue of $901.60 million during the quarter, compared to the consensus estimate of $870.60 million. During the same period in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts expect that PolyOne Co. will post 2.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 15th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.61%. PolyOne’s payout ratio is currently 31.67%.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Oppenheimer reaffirmed a “buy” rating and set a $47.00 price target on shares of PolyOne in a report on Tuesday, January 23rd. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of PolyOne in a report on Monday, January 29th. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of PolyOne in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $45.29.

PolyOne Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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