GW&K Investment Management LLC Has $44.75 Million Stock Holdings in PolyOne Co. (NYSE:POL)

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GW&K Investment Management LLC increased its holdings in shares of PolyOne Co. (NYSE:POL) by 14.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,370,594 shares of the specialty chemicals company’s stock after buying an additional 177,202 shares during the period. GW&K Investment Management LLC owned about 1.78% of PolyOne worth $44,749,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of POL. Investors Research Corp acquired a new stake in PolyOne during the 2nd quarter worth approximately $25,000. Parallel Advisors LLC boosted its position in PolyOne by 220.7% during the 2nd quarter. Parallel Advisors LLC now owns 789 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 543 shares during the period. Doyle Wealth Management acquired a new position in shares of PolyOne in the 2nd quarter worth approximately $68,000. Strs Ohio lifted its position in shares of PolyOne by 30.0% in the 3rd quarter. Strs Ohio now owns 3,900 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 900 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of PolyOne in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

Shares of PolyOne stock remained flat at $$33.48 during trading on Friday. 229,845 shares of the company were exchanged, compared to its average volume of 580,603. The company has a quick ratio of 1.43, a current ratio of 1.88 and a debt-to-equity ratio of 2.45. PolyOne Co. has a 52 week low of $24.47 and a 52 week high of $35.30. The company has a fifty day moving average price of $32.25 and a 200 day moving average price of $30.29. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 2.06 and a beta of 1.70.

PolyOne (NYSE:POL) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. PolyOne had a net margin of 4.03% and a return on equity of 30.57%. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $721.91 million. During the same quarter in the previous year, the company earned $0.62 EPS. PolyOne’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that PolyOne Co. will post 1.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be given a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, December 12th. This is an increase from PolyOne’s previous quarterly dividend of $0.20. PolyOne’s payout ratio is presently 32.10%.

POL has been the topic of a number of recent analyst reports. TheStreet upgraded shares of PolyOne from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. Zacks Investment Research downgraded shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Wells Fargo & Co initiated coverage on shares of PolyOne in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $35.00 price target on the stock. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upgraded shares of PolyOne from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $36.00 in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. PolyOne presently has a consensus rating of “Buy” and an average target price of $34.71.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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Institutional Ownership by Quarter for PolyOne (NYSE:POL)

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