Public Employees Retirement Association of Colorado Sells 1,120 Shares of PolyOne Corp. (POL)
Public Employees Retirement Association of Colorado decreased its position in PolyOne Corp. (NYSE:POL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 537,858 shares of the company’s stock after selling 1,120 shares during the period. Public Employees Retirement Association of Colorado owned 0.64% of PolyOne Corp. worth $18,954,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of POL. Wellington Management Group LLP raised its position in shares of PolyOne Corp. by 340.8% in the first quarter. Wellington Management Group LLP now owns 3,205,940 shares of the company’s stock worth $96,979,000 after buying an additional 2,478,711 shares in the last quarter. Prudential Financial Inc. raised its stake in PolyOne Corp. by 310.7% in the first quarter. Prudential Financial Inc. now owns 432,119 shares of the company’s stock worth $13,072,000 after buying an additional 326,916 shares during the period. Nicholas Investment Partners LP acquired a new stake in PolyOne Corp. during the first quarter worth about $2,824,000. William Harris Investors Inc. raised its stake in PolyOne Corp. by 23.5% in the first quarter. William Harris Investors Inc. now owns 269,520 shares of the company’s stock worth $8,153,000 after buying an additional 51,357 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in PolyOne Corp. by 56,046.3% in the second quarter. BNP Paribas Arbitrage SA now owns 37,618 shares of the company’s stock worth $1,326,000 after buying an additional 37,551 shares during the period. 92.51% of the stock is owned by institutional investors.
PolyOne Corp. (NYSE:POL) traded down 3.25% during trading on Tuesday, hitting $31.82. The company had a trading volume of 160,439 shares. The stock has a 50-day moving average of $33.26 and a 200 day moving average of $34.72. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 20.08 and a beta of 1.41. PolyOne Corp. has a one year low of $22.35 and a one year high of $38.41.
PolyOne Corp. (NYSE:POL) last released its earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. PolyOne Corp. had a return on equity of 25.34% and a net margin of 4.11%. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $879.38 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. PolyOne Corp.’s revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that PolyOne Corp. will post $2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, September 16th were paid a $0.12 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.48 annualized dividend and a yield of 1.46%. PolyOne Corp.’s dividend payout ratio is 30.19%.
A number of research firms have issued reports on POL. Goldman Sachs Group Inc. lowered PolyOne Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $38.00 in a report on Wednesday, July 27th. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price (up previously from $37.00) on shares of PolyOne Corp. in a report on Monday, June 13th. Wellington Shields raised PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a report on Thursday, June 30th. Finally, Zacks Investment Research lowered PolyOne Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.00.
About PolyOne Corp.
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