NumerixS Investment Technologies Inc Raises Holdings in PolyOne Co. (NYSE:POL)

NumerixS Investment Technologies Inc lifted its holdings in PolyOne Co. (NYSE:POL) by 329.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,100 shares of the specialty chemicals company’s stock after acquiring an additional 12,350 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in PolyOne were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in PolyOne by 2,760.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 871,249 shares in the last quarter. Kings Point Capital Management bought a new position in PolyOne in the 4th quarter worth $43,000. Bessemer Group Inc. bought a new position in PolyOne in the 4th quarter worth $80,000. Bank of Montreal Can raised its holdings in PolyOne by 73.4% in the 4th quarter. Bank of Montreal Can now owns 3,128 shares of the specialty chemicals company’s stock worth $90,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in PolyOne in the 4th quarter worth $97,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

NYSE POL traded up $0.95 on Friday, reaching $31.39. 2,164,952 shares of the stock were exchanged, compared to its average volume of 647,272. PolyOne Co. has a one year low of $24.47 and a one year high of $45.70. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.26 and a beta of 1.61. The firm’s 50-day moving average price is $27.18. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.81 and a quick ratio of 1.16.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). PolyOne had a net margin of 4.28% and a return on equity of 32.76%. The company had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $922.33 million. During the same period last year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that PolyOne Co. will post 2.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, June 13th. PolyOne’s dividend payout ratio (DPR) is currently 32.10%.

A number of analysts have recently weighed in on the stock. Wellington Shields raised shares of PolyOne from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded shares of PolyOne from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. ValuEngine raised shares of PolyOne from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 12th. Northcoast Research raised shares of PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, April 18th. Finally, KeyCorp cut their price objective on shares of PolyOne from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. PolyOne has an average rating of “Hold” and a consensus target price of $36.00.

PolyOne Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

Read More: What is a balanced fund?

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.