November 30, 2016 - By Peter Erickson · 0 Comments
Polyone Corp (NYSE:POL) institutional sentiment decreased to 0.99 in 2016 Q2. Its down -0.34, from 1.33 in 2016Q1. The ratio has worsened, as 118 active investment managers started new or increased positions, while 89 reduced and sold their holdings in Polyone Corp. The active investment managers in our partner’s database now own: 74.06 million shares, down from 74.93 million shares in 2016Q1. Also, the number of active investment managers holding Polyone Corp in their top 10 positions increased from 0 to 2 for an increase of 2. Sold All: 13 Reduced: 76 Increased: 75 New Position: 43.
PolyOne Corporation is a provider of polymer materials, services and solutions. The company has a market cap of $2.81 billion. The Firm offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. It has a 20.83 P/E ratio.
About 127,316 shares traded hands. PolyOne Corporation (NYSE:POL) has declined 10.53% since April 27, 2016 and is downtrending. It has underperformed by 15.75% the S&P500.
Analysts await PolyOne Corporation (NYSE:POL) to report earnings on February, 1. They expect $0.37 EPS, down 5.13% or $0.02 from last year’s $0.39 per share. POL’s profit will be $31.51M for 22.30 P/E if the $0.37 EPS becomes a reality. After $0.56 actual EPS reported by PolyOne Corporation for the previous quarter, Wall Street now forecasts -33.93% negative EPS growth.
According to Zacks Investment Research, “PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company’s products and services can be found at www.polyone.com.”
Channing Capital Management Llc holds 2.22% of its portfolio in PolyOne Corporation for 1.50 million shares. William Harris Investors Inc owns 236,340 shares or 2.09% of their US portfolio. Moreover, Kalmar Investments Inc De has 1.75% invested in the company for 1.13 million shares. The Ohio-based Private Harbour Investment Management & Counsel Llc has invested 1.14% in the stock. Palisade Capital Management Llc Nj, a New Jersey-based fund reported 672,217 shares.#img1#
Ratings analysis reveals 57% of Polyone Corporation’s analysts are positive. Out of 7 Wall Street analysts rating Polyone Corporation, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $31 while the high is $44. The stock’s average target of $36.50 is 10.61% above today’s ($33) share price. POL was included in 12 notes of analysts from July 28, 2015. The firm has “Hold” rating by Wellington Shields given on Thursday, February 4. The firm has “Buy” rating by Robert W. Baird given on Monday, August 24. Jefferies maintained PolyOne Corporation (NYSE:POL) on Wednesday, October 12 with “Hold” rating. Goldman Sachs upgraded the stock to “Buy” rating in Monday, August 17 report. Seaport Global upgraded PolyOne Corporation (NYSE:POL) on Monday, April 18 to “Buy” rating. The stock of PolyOne Corporation (NYSE:POL) earned “Overweight” rating by KeyBanc Capital Markets on Monday, April 4. On Tuesday, July 28 the stock rating was downgraded by Longbow to “Neutral”.
PolyOne Corporation (PolyOne), incorporated on August 31, 2000, is a well-known provider of polymer materials, services and solutions. The Firm offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The Firm operates in five divisions: Color, Additives and Inks, Specialty Engineered Materials, Designed Structures and Solutions, Performance Products and Solutions, and PolyOne Distribution. The Firm is also a developer and maker of performance enhancing additives, liquid colorants, and fluoropolymers and silicone colorants. It has approximately 80 manufacturing sites and over eight distribution facilities in North America, South America, Europe, Asia and Africa. The Firm offers over 35,000 polymer solutions to approximately 10,000 clients across the globe.
More notable recent PolyOne Corporation (NYSE:POL) news were published by: Equitiesfocus.com which released: “PolyOne Corporation (NYSE:POL) 200-Day MA At $34.23” on November 30, 2016, also Prnewswire.com with their article: “PolyOne Announces Third Quarter 2016 Results” published on October 26, 2016, Prnewswire.com published: “PolyOne Appoints James N. Sloan, Vice President, Treasurer” on August 29, 2016. More interesting news about PolyOne Corporation (NYSE:POL) were released by: Prnewswire.com and their article: “PolyOne Appoints Michael A. Garratt as Chief Commercial Officer, Donald K …” published on March 10, 2016 as well as Prnewswire.com‘s news article titled: “PolyOne Launches New Specialty Technologies at K 2016 Trade Show” with publication date: October 19, 2016.
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By Peter Erickson