GSA Capital Partners LLP Sells 32,547 Shares of PolyOne Co. (POL)

GSA Capital Partners LLP lowered its stake in PolyOne Co. (NYSE:POL) by 61.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,261 shares of the specialty chemicals company’s stock after selling 32,547 shares during the period. GSA Capital Partners LLP’s holdings in PolyOne were worth $811,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of PolyOne by 3.1% in the second 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 period. State Street Corp increased its holdings in shares of PolyOne by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock valued at $107,643,000 after purchasing an additional 86,473 shares during the period. Wells Fargo & Company MN increased its holdings in shares of PolyOne by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock valued at $93,808,000 after purchasing an additional 246,918 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of PolyOne by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,099,348 shares of the specialty chemicals company’s stock valued at $84,039,000 after purchasing an additional 30,766 shares during the period. Finally, Channing Capital Management LLC increased its holdings in shares of PolyOne by 0.9% in the third quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock valued at $80,990,000 after purchasing an additional 17,745 shares during the period. 93.67% of the stock is currently owned by institutional investors and hedge funds.

PolyOne Co. (NYSE POL) opened at $43.81 on Thursday. PolyOne Co. has a twelve month low of $31.68 and a twelve month high of $46.79. The firm has a market capitalization of $3,520.00, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.00 and a beta of 1.83. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $789.32 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. PolyOne’s quarterly revenue was up 9.6% on a year-over-year basis. analysts expect that PolyOne Co. will post 2.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.60%. This is an increase from PolyOne’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 14th. PolyOne’s payout ratio is presently 33.49%.

A number of research firms have recently issued reports on POL. SunTrust Banks reissued a “buy” rating and issued a $42.00 target price on shares of PolyOne in a report on Friday, October 27th. Zacks Investment Research raised PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 price objective on PolyOne and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and set a $42.00 price objective on shares of PolyOne in a report on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $42.00 price objective on shares of PolyOne in a report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.00.

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About PolyOne

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.

Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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