PolyOne EVP Thomas J. Kedrowski Unloads 190,000 Shares (POL)
PolyOne (NYSE:POL) EVP Thomas J. Kedrowski sold 190,000 shares of PolyOne stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $39.21, for a total value of $7,449,900.00. Following the sale, the executive vice president now directly owns 31,669 shares in the company, valued at approximately $1,241,741. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
PolyOne (NYSE:POL) traded down 2.07% during mid-day trading on Thursday, hitting $38.40. 527,404 shares of the company’s stock traded hands. PolyOne has a 1-year low of $27.37 and a 1-year high of $43.34. The stock has a 50-day moving average of $39.64 and a 200-day moving average of $39.07. The company has a market cap of $3.545 billion and a price-to-earnings ratio of 34.95.
PolyOne (NYSE:POL) last released its earnings data on Monday, July 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that PolyOne will post $1.80 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on POL shares. Analysts at Goldman Sachs downgraded shares of PolyOne from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. Analysts at KeyCorp reiterated a “buy” rating on shares of PolyOne in a research note on Wednesday, July 16th. They now have a $52.00 price target on the stock, up previously from $48.00. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.33.
PolyOne Corporation (NYSE:POL) is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
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