Louisiana State Employees Retirement System maintained its stake in A. Schulman, Inc. (NASDAQ:SHLM) during the second quarter, Holdings Channel reports. The fund owned 12,000 shares of the basic materials company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in A. Schulman were worth $384,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in A. Schulman by 45,121.7% in 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 last quarter. Vanguard Group Inc. boosted its stake in A. Schulman by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,654,590 shares of the basic materials company’s stock valued at $83,487,000 after buying an additional 156,877 shares during the last quarter. Victory Capital Management Inc. boosted its stake in A. Schulman by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,060,635 shares of the basic materials company’s stock valued at $33,357,000 after buying an additional 107,495 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in A. Schulman by 11.6% in the first quarter. Deprince Race & Zollo Inc. now owns 963,914 shares of the basic materials company’s stock valued at $30,315,000 after buying an additional 100,150 shares during the last quarter. Finally, State Street Corp boosted its stake in A. Schulman by 7.0% in the first quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock valued at $21,367,000 after buying an additional 44,690 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Shares of A. Schulman, Inc. (NASDAQ SHLM) traded down 1.56% during midday trading on Tuesday, hitting $28.35. The stock had a trading volume of 180,942 shares. The firm’s market cap is $834.06 million. The company’s 50 day moving average is $28.37 and its 200 day moving average is $30.50. A. Schulman, Inc. has a 52 week low of $22.76 and a 52 week high of $37.70.

A. Schulman (NASDAQ:SHLM) last announced its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The company had revenue of $645.80 million for the quarter, compared to analysts’ expectations of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities analysts predict that A. Schulman, Inc. will post $1.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were issued a dividend of $0.205 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 2.85%. A. Schulman’s dividend payout ratio (DPR) is currently -6.56%.

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Several equities research analysts have commented on SHLM shares. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.00.

About A. Schulman

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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Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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