Exclusive: What’s Propelling OMNOVA Solutions Inc. to Increase So Much?

Exclusive: What's Propelling OMNOVA Solutions Inc. to Increase So Much?

The stock of OMNOVA Solutions Inc. (NYSE:OMN) is a huge mover today! The stock increased 4.84% or $0.39 during the last trading session, hitting $8.44. About 622,691 shares traded hands or 76.19% up from the average. OMNOVA Solutions Inc. (NYSE:OMN) has risen 54.81% since February 26, 2016 and is uptrending. It has outperformed by 44.38% the S&P500.
The move comes after 8 months positive chart setup for the $373.90 million company. It was reported on Oct, 1 by Barchart.com. We have $14.26 PT which if reached, will make NYSE:OMN worth $257.99M more.

According to Zacks Investment Research, “Omnova Solutions Inc. develops, manufactures and markets emulsion polymers, specialty chemicals and decorative and building products for a variety of industrial, commercial and consumer markets. The Performance Chemicals unit’s broad range of emulsion polymers and specialty chemicals are used as coatings, binders, adhesives, and additives for paper, carpet, textile and various other industries.”

Insitutional Activity: The institutional sentiment decreased to 1.75 in Q2 2016. Its down 0.50, from 2.25 in 2016Q1. The ratio fall, as 3 funds sold all OMNOVA Solutions Inc. shares owned while 33 reduced positions. 27 funds bought stakes while 36 increased positions. They now own 36.65 million shares or 2.28% less from 37.50 million shares in 2016Q1.
Wells Fargo & Mn reported 81,274 shares or 0% of all its holdings. Products Limited Co has invested 0.01% of its portfolio in OMNOVA Solutions Inc. (NYSE:OMN). Gsa Prtn Llp holds 0.1% or 252,006 shares in its portfolio. California Pub Employees Retirement Systems reported 235,900 shares or 0% of all its holdings. Blackrock Fund Advsr holds 1.11M shares or 0% of its portfolio. North Star Invest Mgmt Corp accumulated 2,000 shares or 0% of the stock. Boothbay Fund Ltd Liability Company has invested 0.04% of its portfolio in OMNOVA Solutions Inc. (NYSE:OMN). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 2,269 shares. Teachers Advsr has 0% invested in the company for 76,469 shares. Menta Cap Limited Liability Corp holds 0.14% of its portfolio in OMNOVA Solutions Inc. (NYSE:OMN) for 138,272 shares. Employees Retirement Association Of Colorado, a Colorado-based fund reported 29,247 shares. Thrivent Finance For Lutherans owns 130,450 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership accumulated 20,030 shares or 0% of the stock. Cornercap Investment Counsel holds 74,975 shares or 0.1% of its portfolio. Connor Clark And Lunn Invest Mngmt Ltd last reported 48,300 shares in the company.

Insider Transactions: Since July 14, 2016, the stock had 0 buys, and 1 insider sale for $84,369 net activity. The insider WENGER DOUGLAS E sold 8,671 shares worth $84,369.

More notable recent OMNOVA Solutions Inc. (NYSE:OMN) news were published by: Prnewswire.com which released: “OMNOVA Solutions To Webcast Third Quarter 2016 Earnings Call” on September 15, 2016, also Prnewswire.com with their article: “OMNOVA Solutions to Present at Jefferies 2016 Industrials Conference” published on August 01, 2016, Prnewswire.com published: “OMNOVA Solutions And Barington Group Reach Agreement” on February 20, 2015. More interesting news about OMNOVA Solutions Inc. (NYSE:OMN) were released by: Prnewswire.com and their article: “OMNOVA Solutions Reduces Financing Costs And Extends Maturity with Refinancing …” published on August 29, 2016 as well as Prnewswire.com‘s news article titled: “Thomas Hartle Joins OMNOVA Solutions’ Performance Chemicals Business Unit as …” with publication date: January 27, 2016.

OMN Company Profile

OMNOVA Solutions Inc. (OMNOVA), incorporated on May 29, 1998, is a well-known provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Firm operates in two divisions: Performance Chemicals and Engineered Surfaces. OMNOVA Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based primarily on styrene butadiene (SB), styrene butadiene acrylonitrile (SBA), styrene butadiene vinyl pyridine, nitrile butadiene (NBR), polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio chemistries. It operates production facilities in the United States, Europe, China and India.

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