LSV Asset Management Trims Stake in A Schulman Inc (SHLM)
LSV Asset Management trimmed its holdings in A Schulman Inc (NASDAQ:SHLM) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,031 shares of the basic materials company’s stock after selling 128,975 shares during the quarter. LSV Asset Management’s holdings in A Schulman were worth $21,680,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of SHLM. SG Americas Securities LLC bought a new stake in shares of A Schulman in the third quarter valued at approximately $111,000. PNC Financial Services Group Inc. lifted its position in A Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 50 shares during the period. Crossmark Global Holdings Inc. bought a new position in A Schulman in the third quarter worth $202,000. Piedmont Investment Advisors LLC bought a new position in A Schulman in the second quarter worth $204,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in A Schulman in the third quarter worth $205,000. 78.67% of the stock is owned by institutional investors.
A Schulman Inc (NASDAQ SHLM) opened at $35.55 on Friday. The company has a market capitalization of $1,072.37, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.69 and a beta of 1.52. A Schulman Inc has a 12-month low of $25.00 and a 12-month high of $40.95. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.61 and a quick ratio of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.82 annualized dividend and a yield of 2.31%. A Schulman’s dividend payout ratio is currently 65.08%.
Several research analysts recently commented on the company. Zacks Investment Research raised A Schulman from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Saturday, January 13th. SunTrust Banks raised their target price on A Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, January 8th. TheStreet raised A Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. ValuEngine cut A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub raised A Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.67.
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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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