PolyOne Co. (POL) Shares Sold by State Treasurer State of Michigan

Share on StockTwits

State Treasurer State of Michigan reduced its holdings in PolyOne Co. (NYSE:POL) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,500 shares of the specialty chemicals company’s stock after selling 1,100 shares during the period. State Treasurer State of Michigan’s holdings in PolyOne were worth $815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Private Capital Group LLC boosted its stake in shares of PolyOne by 52.3% in the fourth quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 446 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of PolyOne by 0.9% in the fourth quarter. Arizona State Retirement System now owns 57,290 shares of the specialty chemicals company’s stock worth $1,638,000 after acquiring an additional 528 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of PolyOne by 73.4% in the fourth quarter. Bank of Montreal Can now owns 3,128 shares of the specialty chemicals company’s stock worth $90,000 after acquiring an additional 1,324 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of PolyOne by 4.5% in the third quarter. Federated Investors Inc. PA now owns 31,627 shares of the specialty chemicals company’s stock worth $1,383,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of PolyOne by 328.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,996 shares of the specialty chemicals company’s stock worth $57,000 after acquiring an additional 1,530 shares during the last quarter. 90.62% of the stock is currently owned by institutional investors.

NYSE:POL traded up $0.41 on Wednesday, reaching $33.64. The company’s stock had a trading volume of 24,445 shares, compared to its average volume of 491,913. PolyOne Co. has a 12-month low of $26.16 and a 12-month high of $45.70. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $2.62 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.28 and a beta of 1.73.

PolyOne (NYSE:POL) last posted its earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. PolyOne had a return on equity of 33.46% and a net margin of 4.52%. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $821.90 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that PolyOne Co. will post 2.58 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 8th. Robert W. Baird lowered their price objective on PolyOne from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Oppenheimer lowered their price objective on PolyOne from $50.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Wellington Shields lowered PolyOne from a “gradually accumulate” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, KeyCorp reissued an “overweight” rating and set a $43.00 price objective (down previously from $50.00) on shares of PolyOne in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.08.

ILLEGAL ACTIVITY NOTICE: “PolyOne Co. (POL) Shares Sold by State Treasurer State of Michigan” was reported by Zolmax and is the sole property of of Zolmax. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://zolmax.com/investing/polyone-co-pol-shares-sold-by-state-treasurer-state-of-michigan/2914523.html.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

See Also: Ex-Dividend

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.



Latest News

Kibo Energy  Stock Price Down 9.1%
Kibo Energy Stock Price Down 9.1%
Ecoreal Estate  Price Hits $0.12 on Major Exchanges
Ecoreal Estate Price Hits $0.12 on Major Exchanges
DAOstack  Trading Down 6.9% This Week
DAOstack Trading Down 6.9% This Week
Welltrado Reaches One Day Volume of $6,675.00
Welltrado Reaches One Day Volume of $6,675.00
Blue Capital Reinsurance  Upgraded to “Buy” by Zacks Investment Research
Blue Capital Reinsurance Upgraded to “Buy” by Zacks Investment Research
Direxion Daily MSCI India Bull 3x Shares  Announces $0.07 Quarterly Dividend
Direxion Daily MSCI India Bull 3x Shares Announces $0.07 Quarterly Dividend


Leave a Reply

 
© 2006-2019 Zolmax.