Company shares last traded at $46.07 a great deal higher than the 50 day moving average which is $40.71 and which is impressively higher than the 200 day moving average of $38.24. The 50 day moving average went up by +13.17% and the 200 day average went up $7.83 or +20.47%. Trading volume for PolyOne Corporation was 632K in the last trading session. Shares saw a steep increase in trading volume of 41.38% over the normal average daily volume.
Traders are a little more bearish on shares of PolyOne Corporation if you pay attention to the motion in short interest. The company experienced a rise in short interest of 2.18% between September 29, 2017 and October 13, 2017. Short shares increased 34,797 over that period. Days to cover increased from 4.0 to 5.0 and the percentage of shorted shares was 0.02% on October 13.
The following firms have recently changed their position in POL. As of quarter end Huntington National Bank had sold a total of 2,826 shares trimming its holdings by 99.1%. The value of the total investment in PolyOne Corporation decreased from $97,000 to $1,000 a change of 99.0% since the last quarter. Parkside Financial Bank & Trust downsized its ownership by selling 35 shares a decrease of 10.8% as of 09/30/2017. Parkside Financial Bank & Trust now holds 288 shares valued at $12,000. The value of the position overall is down by 7.7%.
As of the end of the quarter Aperio Group, LLC had disposed of 954 shares trimming its stake by 2.1%. The value of the company’s investment in PolyOne Corporation went from $1,739,000 to $1,759,000 a change of $20,000 quarter to quarter. Simplex Trading, LLC bolstered its position by buying 639 shares an increase of 279.0% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC controls 868 shares worth $34,000. The total value of its holdings increased 325.0%.
On August 17 analysts at Oppenheimer issued its first research report on the stock by announcing an initial rating of “Outperform”. October 26 investment analysts at KeyBanc kept the stock rating at “Overweight” and moved up the price target from $37.00 to $47.00.
The company is trading up from yesterday’s close of $46.07. The company also announced a dividend that will be paid on Wednesday the 10th of January 2018. The dividend will be $0.175 per share for the quarter which comes to $0.70 on an annualized basis. This dividend amount will represent a yield of $1.55. The ex-dividend date is Thursday September 14th, 2017.
In the latest earnings report the EPS was $-0.71 and is estimated to be $2.20 for the current year with 81,791,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.66 with next year’s EPS projected to be $2.49.
PolyOne Corporation (PolyOne), launched on August 31, 2000, is a provider of specialized polymer materials, services and solutions with operations in specialty engineered materials, color and additive systems, plastic sheet and film solutions and polymer distribution. The Company is a developer and manufacturer of additives, liquid colorants and fluoropolymers and silicone colorants. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; Performance Products and Solutions, and PolyOne Distribution..