OMNOVA Solutions Inc. (OMN) Position Cut by Teachers Advisors LLC

Teachers Advisors LLC decreased its position in OMNOVA Solutions Inc. (NYSE:OMN) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,788 shares of the specialty chemicals company’s stock after selling 9,597 shares during the period. Teachers Advisors LLC owned approximately 0.21% of OMNOVA Solutions worth $958,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in OMNOVA Solutions in the fourth quarter valued at $156,000. Cigna Investments Inc. New acquired a new position in OMNOVA Solutions in the fourth quarter valued at $239,000. Royce & Associates LP acquired a new position in OMNOVA Solutions in the third quarter valued at $274,000. First Quadrant L P CA acquired a new position in OMNOVA Solutions in the fourth quarter valued at $250,000. Finally, Wells Fargo & Company MN increased its stake in OMNOVA Solutions by 54.8% in the third quarter. Wells Fargo & Company MN now owns 81,278 shares of the specialty chemicals company’s stock valued at $890,000 after purchasing an additional 28,768 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

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OMN opened at $11.50 on Friday. OMNOVA Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $11.90. The company has a quick ratio of 1.31, a current ratio of 2.03 and a debt-to-equity ratio of 6.66. The firm has a market capitalization of $524.28, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.75 and a beta of 2.08.

OMNOVA Solutions (NYSE:OMN) last posted its quarterly earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. OMNOVA Solutions had a negative net margin of 10.67% and a positive return on equity of 32.70%. The firm had revenue of $178.70 million during the quarter, compared to the consensus estimate of $174.65 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. equities analysts predict that OMNOVA Solutions Inc. will post 0.67 earnings per share for the current year.

Several research firms have weighed in on OMN. Zacks Investment Research raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. OMNOVA Solutions currently has an average rating of “Hold” and a consensus price target of $11.67.

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About OMNOVA Solutions

OMNOVA Solutions Inc provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.

Institutional Ownership by Quarter for OMNOVA Solutions (NYSE:OMN)

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