American Century Companies Inc. decreased its holdings in PolyOne Co. (NYSE:POL) by 50.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,809 shares of the specialty chemicals company’s stock after selling 541,145 shares during the quarter. American Century Companies Inc. owned about 0.65% of PolyOne worth $23,003,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in shares of PolyOne by 3.2% in the 2nd 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 in the last quarter. Wells Fargo & Company MN increased its stake in shares of PolyOne by 11.8% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PolyOne by 1.5% in the 3rd 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 in the last quarter. Channing Capital Management LLC increased its stake in shares of PolyOne by 0.9% in the 3rd 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 in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in PolyOne by 42.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock worth $66,978,000 after buying an additional 500,506 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.
Shares of PolyOne Co. (NYSE POL) traded up $0.56 on Thursday, hitting $42.23. 51,267 shares of the stock traded hands, compared to its average volume of 435,157. PolyOne Co. has a twelve month low of $32.43 and a twelve month high of $47.48. The firm has a market capitalization of $3,400.54, a P/E ratio of -60.24, a price-to-earnings-growth ratio of 1.60 and a beta of 1.75. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 2.13.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, March 19th. This represents a $0.70 annualized dividend and a yield of 1.66%. PolyOne’s dividend payout ratio is currently -100.00%.
Several equities research analysts recently issued reports on the company. KeyCorp reiterated a “buy” rating and issued a $50.00 price objective on shares of PolyOne in a report on Monday, January 29th. Oppenheimer reissued a “buy” rating and issued a $47.00 target price on shares of PolyOne in a research report on Tuesday, January 23rd. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Northcoast Research reissued a “neutral” rating on shares of PolyOne in a research report on Monday, January 29th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of PolyOne in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.71.
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PolyOne 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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