Nationwide Fund Advisors increased its holdings in shares of PolyOne Corporation (NYSE:POL) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,297 shares of the specialty chemicals company’s stock after purchasing an additional 5,217 shares during the quarter. Nationwide Fund Advisors owned 0.35% of PolyOne worth $11,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in POL. Mutual of America Capital Management LLC increased its position in PolyOne by 2.5% during the third quarter. Mutual of America Capital Management LLC now owns 107,142 shares of the specialty chemicals company’s stock valued at $4,289,000 after acquiring an additional 2,588 shares during the last quarter. Shell Asset Management Co. increased its position in PolyOne by 143.7% during the third quarter. Shell Asset Management Co. now owns 97,457 shares of the specialty chemicals company’s stock valued at $3,468,000 after acquiring an additional 57,470 shares during the last quarter. Lord Abbett & CO. LLC increased its position in PolyOne by 4.6% during the second quarter. Lord Abbett & CO. LLC now owns 511,940 shares of the specialty chemicals company’s stock valued at $19,833,000 after acquiring an additional 22,603 shares during the last quarter. Koch Industries Inc. purchased a new stake in PolyOne during the second quarter valued at $227,000. Finally, Nomura Holdings Inc. purchased a new stake in PolyOne during the second quarter valued at $471,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

POL has been the subject of a number of analyst reports. Zacks Investment Research upgraded PolyOne from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $42.00 price target on shares of PolyOne in a research report on Thursday, October 12th. Jefferies Group restated a “hold” rating and issued a $42.00 price target on shares of PolyOne in a research report on Friday, September 15th. SunTrust Banks restated a “buy” rating and issued a $42.00 price target on shares of PolyOne in a research report on Friday, October 27th. Finally, KeyCorp set a $47.00 target price on PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.17.

PolyOne Corporation (POL) traded down $0.59 during trading hours on Tuesday, hitting $45.06. The company had a trading volume of 557,600 shares, compared to its average volume of 485,795. 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 has a 12-month low of $31.68 and a 12-month high of $46.79. The stock has a market capitalization of $3,688.71, a PE ratio of 20.94, a P/E/G ratio of 2.10 and a beta of 1.83.

PolyOne (NYSE:POL) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. PolyOne 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 during the quarter, compared to analysts’ expectations of $789.32 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. research analysts predict that PolyOne Corporation will post 2.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.55%. This is a boost from PolyOne’s previous quarterly dividend of $0.14. PolyOne’s dividend payout ratio (DPR) is currently -71.05%.

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

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