A. Schulman, Inc. (SHLM) Position Boosted by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System lifted its position in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 18.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 25,774 shares of the basic materials company’s stock after buying an additional 3,961 shares during the period. State Board of Administration of Florida Retirement System owned 0.09% of A. Schulman worth $880,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in SHLM. BlackRock Inc. lifted its stake in shares of A. Schulman by 45,121.7% during the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after buying an additional 3,580,856 shares during the period. Royce & Associates LP lifted its stake in shares of A. Schulman by 77.2% during the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock valued at $17,888,000 after buying an additional 243,479 shares during the period. Vanguard Group Inc. lifted its stake in shares of A. Schulman by 8.7% during the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after buying an additional 231,248 shares during the period. Koch Industries Inc. purchased a new position in A. Schulman during the second quarter worth approximately $217,000. Finally, Goldman Sachs Group Inc. raised its stake in A. Schulman by 294.2% during the second quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after purchasing an additional 209,446 shares during the period. 79.29% of the stock is currently owned by institutional investors and hedge funds.
A. Schulman, Inc. (SHLM) opened at $37.13 on Friday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. The firm has a market cap of $1,095.19, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. A. Schulman, Inc. has a one year low of $25.00 and a one year high of $39.85.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. The company had revenue of $646.65 million for the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. A. Schulman’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. equities analysts expect that A. Schulman, Inc. will post 2.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s dividend payout ratio is presently 94.25%.
A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded shares of A. Schulman from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 24th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, August 25th. BidaskClub downgraded shares of A. Schulman from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. A. Schulman has a consensus rating of “Buy” and an average target price of $39.00.
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A. Schulman Profile
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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