PolyOne Co. (POL) Holdings Trimmed by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its holdings in shares of PolyOne Co. (NYSE:POL) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the specialty chemicals company’s stock after selling 2,500 shares during the period. New Mexico Educational Retirement Board’s holdings in PolyOne were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of PolyOne by 5,112.2% in the second quarter. Advisors Asset Management Inc. now owns 350,783 shares of the specialty chemicals company’s stock valued at $205,000 after buying an additional 344,053 shares during the period. First Hawaiian Bank bought a new position in shares of PolyOne in the 3rd quarter valued at $109,000. Nisa Investment Advisors LLC lifted its stake in shares of PolyOne by 8.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 116,797 shares of the specialty chemicals company’s stock valued at $5,106,000 after acquiring an additional 9,200 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of PolyOne by 121.3% in the 3rd quarter. Retirement Systems of Alabama now owns 229,210 shares of the specialty chemicals company’s stock valued at $10,021,000 after acquiring an additional 125,656 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of PolyOne by 14.1% in the 3rd quarter. First Trust Advisors LP now owns 55,228 shares of the specialty chemicals company’s stock valued at $2,415,000 after acquiring an additional 6,836 shares during the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

A number of analysts recently weighed in on POL shares. TheStreet downgraded PolyOne from a “b-” rating to a “c+” rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded PolyOne from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, January 8th. KeyCorp restated an “overweight” rating and issued a $43.00 target price (down from $50.00) on shares of PolyOne in a research note on Thursday, October 25th. Wellington Shields downgraded PolyOne from a “gradually accumulate” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Robert W. Baird reduced their target price on PolyOne from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.08.

Shares of POL opened at $31.49 on Monday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.79 and a quick ratio of 1.17. The stock has a market capitalization of $2.51 billion, a PE ratio of 12.96, a PEG ratio of 1.24 and a beta of 1.73. PolyOne Co. has a one year low of $26.16 and a one year high of $45.70.

PolyOne (NYSE:POL) last announced its quarterly earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $821.90 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that PolyOne Co. will post 2.57 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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