LSV Asset Management reduced its stake in PolyOne Corporation (NYSE:POL) by 20.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,400 shares of the specialty chemicals company’s stock after selling 5,400 shares during the period. LSV Asset Management’s holdings in PolyOne Corporation were worth $829,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advantus Capital Management Inc grew its stake in shares of PolyOne Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 10,520 shares of the specialty chemicals company’s stock valued at $359,000 after acquiring an additional 108 shares in the last quarter. Oakbrook Investments LLC grew its stake in shares of PolyOne Corporation by 2.5% in the second quarter. Oakbrook Investments LLC now owns 6,050 shares of the specialty chemicals company’s stock valued at $234,000 after acquiring an additional 150 shares in the last quarter. Liberty Mutual Group Asset Management Inc. grew its stake in shares of PolyOne Corporation by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 36,761 shares of the specialty chemicals company’s stock valued at $1,253,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of PolyOne Corporation by 0.3% in the second quarter. Texas Permanent School Fund now owns 59,691 shares of the specialty chemicals company’s stock valued at $2,312,000 after acquiring an additional 201 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of PolyOne Corporation by 2.0% in the first quarter. Advisors Asset Management Inc. now owns 11,830 shares of the specialty chemicals company’s stock valued at $403,000 after acquiring an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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POL has been the topic of several research reports. Zacks Investment Research downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and issued a $42.00 price target on shares of PolyOne Corporation in a research note on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of PolyOne Corporation in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.60.

Shares of PolyOne Corporation (NYSE POL) opened at 39.06 on Friday. The company’s market cap is $3.19 billion. The company’s 50-day moving average is $36.43 and its 200 day moving average is $36.58. PolyOne Corporation has a 52-week low of $28.77 and a 52-week high of $40.88.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 14th. PolyOne Corporation’s payout ratio is presently -73.97%.

PolyOne Corporation 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.

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

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