Re Advisers Corp buys $50,816,502 stake in PolyOne Corporation (POL)

PolyOne Corporation (POL) : Re Advisers Corp scooped up 226,500 additional shares in PolyOne Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,509,700 shares of PolyOne Corporation which is valued at $50,816,502.PolyOne Corporation makes up approximately 0.85% of Re Advisers Corp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in POL in the latest quarter, The investment management firm added 157,167 additional shares and now holds a total of 6,319,569 shares of PolyOne Corporation which is valued at $212,716,693. PolyOne Corporation makes up approx 0.01% of Vanguard Group Inc’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in POL by selling 26,970 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 2,391,004 shares of POL which is valued at $81,055,036. PolyOne Corporation makes up approx 0.12% of Barrow Hanley Mewhinney Strauss’s portfolio.Stoneridge Investment Partners reduced its stake in POL by selling 15,767 shares or 42.3% in the most recent quarter. The Hedge Fund company now holds 21,504 shares of POL which is valued at $789,412. PolyOne Corporation makes up approx 0.11% of Stoneridge Investment Partners’s portfolio.

PolyOne Corporation opened for trading at $33.11 and hit $33.98 on the upside on Friday, eventually ending the session at $33.83, with a gain of 1.71% or 0.57 points. The heightened volatility saw the trading volume jump to 4,13,789 shares. Company has a market cap of $2,844 M.

On the company’s financial health, PolyOne Corporation reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $861.50 million for the quarter, compared to analysts expectations of $878.15 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Investors should note that on Jul 14, 2016, PolyOne Corporation announced a cash dividend of $0.1200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.

Many Wall Street Analysts have commented on PolyOne Corporation. PolyOne Corporation was Downgraded by Goldman to ” Neutral” on Jul 28, 2016. PolyOne Corporation was Upgraded by Wellington Shields to ” Gradually Accumulate” on Jun 30, 2016.

PolyOne Corporation (PolyOne) is a provider of polymer materials services and solutions. The Company offers specialty polymer formulations color and additive systems plastic sheet and packaging solutions and polymer distribution. The Company operates in five segments: Global Color Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials which offers polymer formulations services and solutions; Designed Structures and Solutions which provides solutions for engineered polymer structures rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment consists of the Geon Performance Materials (Geon) and Producer Services business units and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions which provides late-stage color injection in fiber applications utilizing liquid solutions.

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