A. Schulman, Inc. (SHLM) Shares Bought by Strs Ohio
Strs Ohio raised its position in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,500 shares of the company’s stock after buying an additional 11,300 shares during the period. Strs Ohio owned 0.68% of A. Schulman worth $5,780,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock worth $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock worth $106,000 after buying an additional 692 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of A. Schulman during the second quarter worth $139,000. BlackRock Inc. boosted its position in shares of A. Schulman by 313.9% in the second quarter. BlackRock Inc. now owns 8,112 shares of the company’s stock worth $198,000 after buying an additional 6,152 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of A. Schulman during the second quarter worth $223,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.
A. Schulman, Inc. (NASDAQ:SHLM) opened at 33.05 on Friday. The firm has a 50-day moving average price of $34.17 and a 200-day moving average price of $29.10. The stock’s market capitalization is $970.45 million. A. Schulman, Inc. has a 52 week low of $19.58 and a 52 week high of $37.70.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Monday, January 9th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The firm earned $600 million during the quarter. A. Schulman had a positive return on equity of 17.93% and a negative net margin of 14.77%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. Equities research analysts predict that A. Schulman, Inc. will post $2.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Sunday, January 15th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, January 11th. A. Schulman’s dividend payout ratio (DPR) is -6.53%.
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SHLM has been the topic of a number of research reports. Seaport Global Securities cut A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Thursday, November 17th. Northcoast Research cut A. Schulman from a “buy” rating to a “neutral” rating in a report on Friday, October 28th. Gabelli raised A. Schulman from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. TheStreet cut A. Schulman from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, Zacks Investment Research raised A. Schulman from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. A. Schulman presently has an average rating of “Hold” and an average target price of $30.00.
A. Schulman Company Profile
A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.
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