PolyOne Corporation (POL) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of PolyOne Corporation (NYSE:POL) by 10.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,956 shares of the specialty chemicals company’s stock after buying an additional 17,707 shares during the period. Sei Investments Co. owned about 0.24% of PolyOne Corporation worth $7,643,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC raised its holdings in shares of PolyOne Corporation by 85.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 1,200 shares in the last quarter. Advisor Group Inc. increased its holdings in PolyOne Corporation by 2.6% in the 2nd 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 in the last quarter. Quantbot Technologies LP acquired a new position in PolyOne Corporation in the 2nd quarter worth about $143,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PolyOne Corporation by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after purchasing an additional 317 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in PolyOne Corporation by 215.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 2,900 shares in the last quarter. 96.39% of the stock is owned by institutional investors.

Shares of PolyOne Corporation (NYSE:POL) opened at $45.14 on Thursday. PolyOne Corporation has a 52-week low of $31.68 and a 52-week high of $46.59. The company has a market capitalization of $3,675.78, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.85. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The firm had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts expect that PolyOne Corporation will post 2.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. PolyOne Corporation’s payout ratio is -71.05%.

A number of equities analysts have issued reports on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Friday, October 27th. Zacks Investment Research raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 target price on PolyOne Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Thursday, October 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. PolyOne Corporation has an average rating of “Buy” and a consensus target price of $43.17.

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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.

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Institutional Ownership by Quarter for PolyOne Corporation (NYSE:POL)

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