Duality Advisers LP Invests $1.42 Million in PolyOne Co. (NYSE:POL)

Duality Advisers LP bought a new stake in shares of PolyOne Co. (NYSE:POL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,167 shares of the specialty chemicals company’s stock, valued at approximately $1,421,000.

Several other institutional investors have also made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake in PolyOne by 113.8% during the first quarter. First Horizon Advisors Inc. now owns 1,394 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 742 shares during the period. Ellevest Inc. grew its position in shares of PolyOne by 277.4% during the 2nd quarter. Ellevest Inc. now owns 1,219 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 896 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of PolyOne during the 1st quarter worth approximately $117,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of PolyOne in the 2nd quarter valued at $131,000. Finally, Aigen Investment Management LP lifted its position in shares of PolyOne by 163.5% during the 1st quarter. Aigen Investment Management LP now owns 6,978 shares of the specialty chemicals company’s stock valued at $132,000 after acquiring an additional 4,330 shares during the period. Institutional investors own 92.34% of the company’s stock.

Several equities research analysts have weighed in on POL shares. Zacks Investment Research raised shares of PolyOne from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley began coverage on PolyOne in a research report on Thursday, May 28th. They issued an “overweight” rating and a $30.00 target price for the company. Stifel Nicolaus downgraded PolyOne from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Tuesday, June 16th. Oppenheimer reissued a “buy” rating and issued a $32.00 price objective on shares of PolyOne in a research note on Wednesday, July 1st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $27.00 target price (up from $23.00) on shares of PolyOne in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.00.

Shares of POL opened at $23.90 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 3.20, a P/E/G ratio of 1.90 and a beta of 1.84. PolyOne Co. has a 52 week low of $8.69 and a 52 week high of $37.33. The stock has a 50 day moving average price of $25.42 and a two-hundred day moving average price of $25.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.50 and a current ratio of 2.89.

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

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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