Channing Capital Management LLC Has Trimmed Polyone Corp (POL) Holding as Valuation Rose

September 8, 2018 - By Robert Shackelford

PolyOne Corporation (NYSE:POL) LogoInvestors sentiment decreased to 0.8 in Q1 2018. Its down 0.44, from 1.24 in 2017Q4. It dropped, as 25 investors sold POL shares while 97 reduced holdings. 24 funds opened positions while 74 raised stakes. 70.64 million shares or 2.07% less from 72.13 million shares in 2017Q4 were reported. Strs Ohio accumulated 8,900 shares. Stratos Wealth Partners Ltd accumulated 4,044 shares. Legal And General Public Ltd Llc, a United Kingdom-based fund reported 101,639 shares. Private Harbour Invest Mgmt Counsel Ltd accumulated 47,150 shares or 1.89% of the stock. Amundi Pioneer Asset Management stated it has 8,004 shares or 0% of all its holdings. Fifth Third National Bank reported 0% stake. Wedge Cap L Limited Partnership Nc owns 8,050 shares. Product Limited Liability Company reported 65,476 shares. Sterling Capital Mngmt stated it has 682,947 shares or 0.27% of all its holdings. Palisade Limited Liability Corporation Nj accumulated 664,343 shares. Renaissance Limited Liability reported 323,458 shares. Principal Financial Group Inc has 0.02% invested in PolyOne Corporation (NYSE:POL). Ftb Advisors has 556 shares. Ellington Management Group Ltd Company reported 20,800 shares. Texas Permanent School Fund accumulated 53,549 shares.

Since April 5, 2018, it had 0 insider purchases, and 2 selling transactions for $2.52 million activity. Powell William Howard also sold $820,650 worth of PolyOne Corporation (NYSE:POL) on Thursday, April 5.

Channing Capital Management Llc decreased its stake in Polyone Corp (POL) by 5.22% based on its latest 2018Q1 regulatory filing with the SEC. Channing Capital Management Llc sold 107,654 shares as the company’s stock rose 0.09% while stock markets declined. The institutional investor held 1.96M shares of the major chemicals company at the end of 2018Q1, valued at $83.16 million, down from 2.06 million at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Polyone Corp for a number of months, seems to be less bullish one the $3.37B market cap company. The stock decreased 0.21% or $0.09 during the last trading session, reaching $42.11. About 224,118 shares traded. PolyOne Corporation (NYSE:POL) has risen 13.15% since September 8, 2017 and is uptrending. It has outperformed by 0.58% the S&P500.

Channing Capital Management Llc, which manages about $1.58B and $2.86 billion US Long portfolio, upped its stake in Sterling Bancorp (NYSE:STL) by 136,396 shares to 434,143 shares, valued at $9.79 million in 2018Q1, according to the filing. It also increased its holding in First Data Corp Com by 225,512 shares in the quarter, for a total of 870,662 shares, and has risen its stake in Meredith Corp Com (NYSE:MDP).

Analysts await PolyOne Corporation (NYSE:POL) to report earnings on October, 24. They expect $0.63 earnings per share, up 8.62 % or $0.05 from last year’s $0.58 per share. POL’s profit will be $50.36M for 16.71 P/E if the $0.63 EPS becomes a reality. After $0.71 actual earnings per share reported by PolyOne Corporation for the previous quarter, Wall Street now forecasts -11.27 % negative EPS growth.

PolyOne Corporation (NYSE:POL) Institutional Positions Chart

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