ARP Americas LP Sells 12,340 Shares of PolyOne Co. (NYSE:POL)

ARP Americas LP trimmed its position in shares of PolyOne Co. (NYSE:POL) by 50.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,890 shares of the specialty chemicals company’s stock after selling 12,340 shares during the period. ARP Americas LP’s holdings in PolyOne were worth $312,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Duality Advisers LP bought a new position in shares of PolyOne during the second quarter valued at about $1,421,000. Emerald Advisers LLC bought a new position in PolyOne in the second quarter worth about $7,699,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in PolyOne by 14.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,724 shares of the specialty chemicals company’s stock worth $255,000 after buying an additional 1,217 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in PolyOne in the second quarter worth about $6,945,000. Finally, Ziegler Capital Management LLC raised its stake in PolyOne by 5.5% in the second quarter. Ziegler Capital Management LLC now owns 401,410 shares of the specialty chemicals company’s stock worth $10,529,000 after buying an additional 21,038 shares in the last quarter. 92.34% of the stock is owned by hedge funds and other institutional investors.

POL traded down $0.27 during midday trading on Friday, reaching $23.90. The company’s stock had a trading volume of 531,086 shares, compared to its average volume of 1,078,342. The stock’s 50-day moving average is $25.42 and its 200-day moving average is $25.26. PolyOne Co. has a 1 year low of $8.69 and a 1 year high of $37.33. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 3.20, a PEG ratio of 1.90 and a beta of 1.84.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Friday, June 12th were issued a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, June 11th. PolyOne’s payout ratio is 47.93%.

A number of research firms recently issued reports on POL. SunTrust Banks decreased their price target on shares of PolyOne from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Wells Fargo & Co reissued a “buy” rating and issued a $27.00 price target (up from $23.00) on shares of PolyOne in a research note on Thursday, May 7th. Morgan Stanley initiated coverage on shares of PolyOne in a research note on Thursday, May 28th. They issued an “overweight” rating and a $30.00 price target for the company. Stifel Nicolaus cut shares of PolyOne from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Tuesday, June 16th. Finally, Oppenheimer restated a “buy” rating and issued a $32.00 price objective on shares of PolyOne in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. PolyOne has an average rating of “Buy” and a consensus target price of $28.00.

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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