Icon Advisers Inc. Co. maintained its stake in shares of PolyOne Corp. (NYSE:POL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company’s stock at the end of the third quarter. Icon Advisers Inc. Co. owned about 0.07% of PolyOne Corp. worth $2,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Stratos Wealth Partners LTD. increased its stake in shares of PolyOne Corp. by 0.7% in the third quarter. Stratos Wealth Partners LTD. now owns 7,556 shares of the company’s stock valued at $255,000 after buying an additional 55 shares in the last quarter. Boston Family Office LLC increased its stake in shares of PolyOne Corp. by 0.4% in the third quarter. Boston Family Office LLC now owns 20,394 shares of the company’s stock valued at $690,000 after buying an additional 83 shares in the last quarter. Boston Advisors LLC increased its stake in shares of PolyOne Corp. by 0.6% in the second quarter. Boston Advisors LLC now owns 18,004 shares of the company’s stock valued at $634,000 after buying an additional 100 shares in the last quarter. Azimuth Capital Management LLC increased its stake in shares of PolyOne Corp. by 1.5% in the second quarter. Azimuth Capital Management LLC now owns 6,800 shares of the company’s stock valued at $240,000 after buying an additional 100 shares in the last quarter. Finally, State Treasurer State of Michigan increased its stake in shares of PolyOne Corp. by 0.3% in the third quarter. State Treasurer State of Michigan now owns 33,800 shares of the company’s stock valued at $1,143,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.40% of the company’s stock.

Institutional Ownership by Quarter for PolyOne Corp. (NYSE:POL)

PolyOne Corp. (NYSE:POL) traded up 1.62% during trading on Tuesday, reaching $33.15. The company had a trading volume of 608,979 shares. PolyOne Corp. has a 52 week low of $22.35 and a 52 week high of $38.41. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.97 and a beta of 1.69. The stock has a 50 day moving average price of $31.17 and a 200 day moving average price of $34.23.

PolyOne Corp. (NYSE:POL) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $844 million for the quarter, compared to analyst estimates of $840.68 million. PolyOne Corp. had a net margin of 4.04% and a return on equity of 25.20%. PolyOne Corp.’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Analysts predict that PolyOne Corp. will post $2.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 16th will be paid a $0.1325 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from PolyOne Corp.’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a yield of 1.60%. PolyOne Corp.’s payout ratio is currently 30.19%.

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Several brokerages have commented on POL. Zacks Investment Research downgraded PolyOne Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TheStreet downgraded PolyOne Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Finally, Jefferies Group dropped their price target on PolyOne Corp. from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.33.

PolyOne Corp. Company Profile

5 Day Chart for NYSE:POL

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