Schwab Charles Investment Management Inc. grew its position in PolyOne Co. (NYSE:POL) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 616,245 shares of the specialty chemicals company’s stock after purchasing an additional 8,784 shares during the period. Schwab Charles Investment Management Inc. owned about 0.76% of PolyOne worth $26,807,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of POL. Advisor Group Inc. raised its holdings in PolyOne by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 84 shares during the period. Royal Bank of Canada raised its holdings in PolyOne by 119.1% in the second quarter. Royal Bank of Canada now owns 78,695 shares of the specialty chemicals company’s stock worth $3,049,000 after purchasing an additional 42,775 shares during the period. Shelton Capital Management acquired a new stake in PolyOne in the second quarter worth $246,000. State Street Corp raised its holdings in PolyOne by 3.2% in 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 period. Finally, BlueCrest Capital Management Ltd acquired a new stake in PolyOne in the second quarter worth $279,000. Institutional investors own 90.48% of the company’s stock.
Shares of PolyOne Co. (NYSE POL) opened at $41.89 on Thursday. PolyOne Co. has a twelve month low of $32.43 and a twelve month high of $47.48. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 2.13. The company has a market cap of $3,380.00, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.57 and a beta of 1.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.67%. PolyOne’s payout ratio is 33.02%.
Several equities research analysts have weighed in on POL shares. Oppenheimer reiterated a “buy” rating and issued a $47.00 target price on shares of PolyOne in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, January 23rd. SunTrust Banks restated a “buy” rating on shares of PolyOne in a report on Monday, January 29th. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of PolyOne in a report on Monday, January 29th. Finally, ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. PolyOne currently has an average rating of “Buy” and a consensus price target of $45.71.
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PolyOne 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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