Zacks Investment Research upgraded shares of PolyOne (NYSE:POL) from a sell rating to a hold rating in a research note released on Tuesday.

According to Zacks, “PolyOne Corporation is a premier provider of specialized polymer materials, services and solutions. PolyOne are dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. PolyOne, business is structured to provide operations with the specialized polymer materials, services and solutions need. PolyOne are a premier provider of specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. A leading provider of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols, and vinyl slush molding solutions. “

POL has been the subject of a number of other research reports. ValuEngine lowered PolyOne from a buy rating to a hold rating in a research report on Saturday, September 1st. SunTrust Banks lowered PolyOne from a buy rating to a hold rating in a research report on Wednesday, July 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $45.67.

NYSE:POL opened at $36.20 on Tuesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.76 and a quick ratio of 1.22. PolyOne has a 1-year low of $35.69 and a 1-year high of $47.48. The firm has a market capitalization of $3.50 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.62 and a beta of 1.44.

PolyOne (NYSE:POL) last released its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. PolyOne had a return on equity of 32.92% and a net margin of 5.09%. The business had revenue of $914.80 million during the quarter, compared to analyst estimates of $908.12 million. During the same quarter last year, the company posted $0.63 EPS. PolyOne’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts expect that PolyOne will post 2.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 14th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, December 13th. This is a positive change from PolyOne’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 2.15%. PolyOne’s dividend payout ratio (DPR) is presently 31.67%.

In other PolyOne news, CEO Robert M. Patterson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $43.61, for a total transaction of $872,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in POL. GSA Capital Partners LLP boosted its position in PolyOne by 169.9% during the 1st quarter. GSA Capital Partners LLP now owns 25,691 shares of the specialty chemicals company’s stock worth $1,092,000 after acquiring an additional 16,174 shares during the period. Asset Management One Co. Ltd. acquired a new stake in PolyOne during the 1st quarter worth about $193,000. Principal Financial Group Inc. boosted its position in PolyOne by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 404,668 shares of the specialty chemicals company’s stock worth $17,206,000 after acquiring an additional 17,377 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in PolyOne by 56.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,551 shares of the specialty chemicals company’s stock worth $704,000 after acquiring an additional 5,968 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. acquired a new stake in PolyOne during the 1st quarter worth about $683,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.

About PolyOne

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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