PolyOne Corporation (POL) Stake Lessened by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in PolyOne Corporation (NYSE:POL) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 169,357 shares of the specialty chemicals company’s stock after selling 25,028 shares during the period. Fiera Capital Corp owned approximately 0.21% of PolyOne Corporation worth $6,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of PolyOne Corporation by 13,264.4% in the 1st quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after purchasing an additional 9,712,953 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of PolyOne Corporation by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock valued at $239,657,000 after purchasing an additional 295,988 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of PolyOne Corporation by 3.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock valued at $119,744,000 after purchasing an additional 92,253 shares during the last quarter. State Street Corp increased its stake in shares of PolyOne Corporation by 4.0% in the 1st quarter. State Street Corp now owns 2,692,208 shares of the specialty chemicals company’s stock valued at $91,775,000 after purchasing an additional 102,797 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of PolyOne Corporation by 5.6% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,150,899 shares of the specialty chemicals company’s stock valued at $73,324,000 after purchasing an additional 114,415 shares during the last quarter. Institutional investors own 94.37% of the company’s stock.

Shares of PolyOne Corporation (POL) opened at 37.29 on Friday. The company’s market cap is $3.05 billion. The company’s 50-day moving average price is $36.37 and its 200-day moving average price is $36.49. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $40.88.

PolyOne Corporation (NYSE:POL) last released its quarterly 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. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The business had revenue of $814.10 million for the quarter, compared to the consensus estimate of $812.52 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts anticipate that PolyOne Corporation will post $2.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.54 dividend on an annualized basis and a yield of 1.45%. PolyOne Corporation’s payout ratio is -73.97%.

Several equities analysts have recently issued reports on POL shares. Zacks Investment Research lowered PolyOne Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, May 20th. BidaskClub lowered PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. began coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.60.

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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.

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

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