PolyOne Co. (POL) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in shares of PolyOne Co. (NYSE:POL) by 75.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,344 shares of the specialty chemicals company’s stock after purchasing an additional 22,546 shares during the period. Squarepoint Ops LLC owned approximately 0.07% of PolyOne worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. D. E. Shaw & Co. Inc. raised its stake in shares of PolyOne by 5,062.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 480,600 shares of the specialty chemicals company’s stock valued at $13,745,000 after acquiring an additional 471,290 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of PolyOne in the 4th quarter valued at approximately $225,000. Two Sigma Advisers LP raised its stake in shares of PolyOne by 43.1% in the 4th quarter. Two Sigma Advisers LP now owns 11,731 shares of the specialty chemicals company’s stock valued at $336,000 after acquiring an additional 3,532 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of PolyOne in the 4th quarter valued at approximately $1,627,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of PolyOne in the 4th quarter valued at approximately $1,194,000. 93.71% of the stock is currently owned by institutional investors.

Shares of NYSE POL opened at $29.75 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.71. PolyOne Co. has a 12 month low of $26.16 and a 12 month high of $45.70.

PolyOne (NYSE:POL) last issued its quarterly earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $821.90 million. PolyOne had a return on equity of 33.46% and a net margin of 4.52%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, research analysts forecast that PolyOne Co. will post 2.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, March 14th. PolyOne’s dividend payout ratio is currently 32.10%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised PolyOne from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Buckingham Research assumed coverage on PolyOne in a research note on Tuesday, February 5th. They issued a “buy” rating and a $32.40 price objective on the stock. TheStreet downgraded PolyOne from a “b-” rating to a “c+” rating in a research note on Wednesday, December 12th. Finally, Stifel Nicolaus assumed coverage on PolyOne in a research report on Monday, December 10th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. PolyOne has a consensus rating of “Hold” and an average price target of $38.08.

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PolyOne 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.

See Also: Balanced Fund

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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