10,451 Shares in PolyOne Corporation (POL) Acquired by Round Table Services LLC

Round Table Services LLC acquired a new stake in shares of PolyOne Corporation (NYSE:POL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,451 shares of the specialty chemicals company’s stock, valued at approximately $405,000.

A number of other institutional investors have also recently added to or reduced their stakes in POL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PolyOne Corporation by 57.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 1,370 shares during the last quarter. Victory Capital Management Inc. increased its position in PolyOne Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 1,336 shares during the last quarter. Creative Planning increased its position in PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 836 shares during the last quarter. Envestnet Asset Management Inc. increased its position in PolyOne Corporation by 76.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 2,126 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in PolyOne Corporation during the first quarter valued at $190,000. 95.72% of the stock is owned by hedge funds and other institutional investors.

Shares of PolyOne Corporation (POL) opened at 36.33 on Monday. PolyOne Corporation has a one year low of $28.77 and a one year high of $40.88. The company has a 50-day moving average price of $37.87 and a 200 day moving average price of $35.94. The company’s market capitalization is $2.97 billion.

PolyOne Corporation (NYSE:POL) last issued its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, analysts forecast that PolyOne Corporation will post $2.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, September 14th. PolyOne Corporation’s payout ratio is presently -73.97%.

POL has been the subject of several recent research reports. TheStreet raised PolyOne Corporation from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded PolyOne Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, May 3rd. Finally, BidaskClub upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.33.

About PolyOne Corporation

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.