Virtus ETF Advisers LLC acquired a new stake in PolyOne Co. (NYSE:POL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,027 shares of the specialty chemicals company’s stock, valued at approximately $2,669,000. Virtus ETF Advisers LLC owned 0.11% of PolyOne at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of POL. HighTower Advisors LLC acquired a new position in PolyOne in the 2nd quarter valued at about $1,298,000. Parametric Portfolio Associates LLC grew its position in PolyOne by 7.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 193,832 shares of the specialty chemicals company’s stock valued at $6,084,000 after acquiring an additional 13,018 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in PolyOne by 18.4% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 82,900 shares of the specialty chemicals company’s stock valued at $2,602,000 after acquiring an additional 12,900 shares in the last quarter. Commonwealth Bank of Australia grew its position in PolyOne by 67.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 14,400 shares of the specialty chemicals company’s stock valued at $452,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in PolyOne by 47.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 43,668 shares of the specialty chemicals company’s stock valued at $1,371,000 after acquiring an additional 14,014 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

POL has been the subject of several research reports. Zacks Investment Research downgraded PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird raised PolyOne from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $36.00 in a research report on Monday, July 22nd. SunTrust Banks raised PolyOne from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, May 31st. ValuEngine raised PolyOne from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Wellington Shields raised PolyOne from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.86.

Shares of PolyOne stock traded down $0.60 on Thursday, reaching $34.40. 687,656 shares of the company were exchanged, compared to its average volume of 599,898. PolyOne Co. has a 1-year low of $24.47 and a 1-year high of $45.34. The company has a market cap of $2.58 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.33 and a beta of 1.73. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.68 and a quick ratio of 1.10. The stock’s 50 day moving average price is $31.77 and its 200-day moving average price is $29.80.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. PolyOne had a return on equity of 33.07% and a net margin of 4.03%. The business had revenue of $903.80 million during the quarter, compared to the consensus estimate of $933.34 million. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts predict that PolyOne Co. will post 2.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, September 12th. PolyOne’s dividend payout ratio is presently 32.10%.

PolyOne Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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