PolyOne Co. (NYSE:POL) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 739,900 shares, a decline of 14.8% from the June 15th total of 868,500 shares. Based on an average daily volume of 661,900 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the company’s stock are short sold.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aviva PLC acquired a new stake in PolyOne in the second quarter valued at $645,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in PolyOne by 32.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,903 shares of the specialty chemicals company’s stock valued at $1,096,000 after acquiring an additional 8,580 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its holdings in PolyOne by 2.5% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 678,790 shares of the specialty chemicals company’s stock valued at $21,307,000 after acquiring an additional 16,234 shares in the last quarter. Quantitative Systematic Strategies LLC raised its holdings in PolyOne by 99.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 41,900 shares of the specialty chemicals company’s stock valued at $1,315,000 after acquiring an additional 20,893 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in PolyOne by 1.2% in the second quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock valued at $1,773,000 after acquiring an additional 667 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE POL traded up $0.53 during trading on Tuesday, reaching $32.85. 21,473 shares of the stock were exchanged, compared to its average volume of 432,698. The business’s 50-day moving average price is $30.28. PolyOne has a twelve month low of $24.47 and a twelve month high of $45.34. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 2.53. The company has a market cap of $2.48 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.74.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $933.34 million. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities analysts anticipate that PolyOne will post 2.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.78 annualized dividend and a yield of 2.37%. PolyOne’s dividend payout ratio is presently 32.10%.

A number of research analysts have recently commented on the stock. TheStreet raised shares of Worthington Industries from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. KeyCorp reduced their target price 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. Buckingham Research reduced their target price on shares of PolyOne from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, SunTrust Banks boosted their target price on shares of Okta to $110.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.86.

PolyOne Company 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.

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