Today The Public Employees Retirement Association of Colorado Reduces Position in PolyOne Corporation (POL)

Today The Public Employees Retirement Association of Colorado Reduces Position in PolyOne Corporation (POL)

Public Employees Retirement Association of Colorado lowered its position in PolyOne Corporation (NYSE:POL) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 536,584 shares of the company’s stock after selling 1,274 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PolyOne Corporation were worth $18,142,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in PolyOne Corporation by 1,461.5% in the second quarter. JPMorgan Chase & Co. now owns 65,007 shares of the company’s stock worth $2,291,000 after buying an additional 60,844 shares during the period. Advisors Asset Management Inc. boosted its position in PolyOne Corporation by 255.1% in the second quarter. Advisors Asset Management Inc. now owns 8,168 shares of the company’s stock worth $288,000 after buying an additional 5,868 shares during the period. Neuberger Berman Group LLC bought a new position in PolyOne Corporation during the second quarter worth approximately $219,000. Airain ltd boosted its position in PolyOne Corporation by 98.8% in the second quarter. Airain ltd now owns 51,513 shares of the company’s stock worth $1,815,000 after buying an additional 25,600 shares during the period. Finally, First Trust Advisors LP boosted its position in PolyOne Corporation by 39.3% in the second quarter. First Trust Advisors LP now owns 37,005 shares of the company’s stock worth $1,304,000 after buying an additional 10,438 shares during the period. 92.31% of the stock is owned by hedge funds and other institutional investors.

Shares of PolyOne Corporation (NYSE:POL) opened at 33.19 on Wednesday. The company has a market cap of $2.78 billion, a PE ratio of 20.99 and a beta of 1.70. The stock has a 50 day moving average of $33.10 and a 200-day moving average of $33.23. PolyOne Corporation has a 12 month low of $22.35 and a 12 month high of $38.41.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The business earned $844 million during the quarter, compared to analyst estimates of $840.68 million. PolyOne Corporation had a return on equity of 25.20% and a net margin of 4.04%. PolyOne Corporation’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts forecast that PolyOne Corporation will post $2.12 earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Jefferies Group LLC reduced their target price on shares of PolyOne Corporation from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Finally, TheStreet cut shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.33.

PolyOne Corporation Company Profile

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