OMNOVA Solutions Inc. (OMN) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in OMNOVA Solutions Inc. (NYSE:OMN) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 194,286 shares of the specialty chemicals company’s stock after acquiring an additional 1,600 shares during the quarter. Nordea Investment Management AB’s holdings in OMNOVA Solutions were worth $1,424,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Millennium Management LLC raised its position in OMNOVA Solutions by 7.3% in the fourth quarter. Millennium Management LLC now owns 166,537 shares of the specialty chemicals company’s stock worth $1,221,000 after acquiring an additional 11,390 shares in the last quarter. Legal & General Group Plc raised its position in OMNOVA Solutions by 40.9% in the fourth quarter. Legal & General Group Plc now owns 8,760 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 2,541 shares in the last quarter. Thrivent Financial for Lutherans raised its position in OMNOVA Solutions by 2.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 567,875 shares of the specialty chemicals company’s stock worth $4,163,000 after acquiring an additional 11,079 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in OMNOVA Solutions by 365.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,907 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 11,703 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in OMNOVA Solutions by 91.9% in the fourth quarter. Squarepoint Ops LLC now owns 57,392 shares of the specialty chemicals company’s stock worth $421,000 after acquiring an additional 27,492 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

OMNOVA Solutions stock opened at $7.50 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.17 and a debt-to-equity ratio of 5.56. The firm has a market capitalization of $331.85 million, a price-to-earnings ratio of 15.10, a PEG ratio of 1.17 and a beta of 2.14. OMNOVA Solutions Inc. has a fifty-two week low of $6.28 and a fifty-two week high of $11.90.

OMNOVA Solutions (NYSE:OMN) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.12). The firm had revenue of $168.90 million during the quarter, compared to analyst estimates of $185.00 million. OMNOVA Solutions had a net margin of 1.16% and a return on equity of 41.90%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. Equities analysts predict that OMNOVA Solutions Inc. will post 0.63 EPS for the current year.

Several research firms have weighed in on OMN. Zacks Investment Research raised OMNOVA Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. TheStreet raised OMNOVA Solutions from a “d+” rating to a “c+” rating in a report on Thursday, February 7th. Finally, ValuEngine lowered OMNOVA Solutions from a “sell” rating to a “strong sell” rating in a report on Monday, December 17th.

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OMNOVA Solutions Company Profile

OMNOVA Solutions Inc provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. Its Specialty Solutions segment designs, develops, produces, and markets specialty products for use 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.

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

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