BNP Paribas Arbitrage SA reduced its stake in shares of PolyOne Co. (NYSE:POL) by 56.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,758 shares of the specialty chemicals company’s stock after selling 12,536 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in PolyOne were worth $422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new stake in PolyOne in the first quarter worth about $132,000. Asset Management One Co. Ltd. acquired a new stake in PolyOne in the 1st quarter worth approximately $193,000. Intrust Bank NA acquired a new stake in PolyOne in the 1st quarter worth approximately $208,000. O Shaughnessy Asset Management LLC lifted its holdings in PolyOne by 116.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,456 shares of the specialty chemicals company’s stock worth $275,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Barings LLC acquired a new stake in PolyOne in the 1st quarter worth approximately $276,000. Institutional investors and hedge funds own 91.80% of the company’s stock.

In other news, Director William Howard Powell sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $43.30, for a total transaction of $173,200.00. Following the completion of the transaction, the director now directly owns 9,028 shares in the company, valued at $390,912.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

POL has been the subject of several analyst reports. Zacks Investment Research upgraded PolyOne from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Saturday, April 28th. ValuEngine lowered PolyOne from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, SunTrust Banks lowered PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. PolyOne currently has a consensus rating of “Hold” and an average price target of $45.67.

Shares of POL stock opened at $43.11 on Friday. PolyOne Co. has a 12 month low of $35.61 and a 12 month high of $47.48. The company has a market cap of $3.54 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.55. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.76 and a quick ratio of 1.22.

PolyOne (NYSE:POL) last issued its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. PolyOne had a return on equity of 32.92% and a net margin of 5.09%. The company had revenue of $914.80 million during the quarter, compared to analyst estimates of $908.12 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that PolyOne Co. will post 2.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.62%. PolyOne’s dividend payout ratio (DPR) is presently 31.67%.

About PolyOne

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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