Northern Trust Corp boosted its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 889,569 shares of the basic materials company’s stock after acquiring an additional 32,566 shares during the quarter. Northern Trust Corp owned 3.02% of A. Schulman worth $28,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SHLM. BlackRock Inc. increased its position in A. Schulman by 45,121.7% in the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after acquiring an additional 3,580,856 shares during the period. Royce & Associates LP increased its position in A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock valued at $17,888,000 after acquiring an additional 243,479 shares during the period. Deprince Race & Zollo Inc. increased its position in A. Schulman by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after acquiring an additional 160,832 shares during the period. Ameriprise Financial Inc. increased its position in A. Schulman by 67.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock valued at $12,588,000 after acquiring an additional 158,095 shares during the period. Finally, Vanguard Group Inc. increased its position in A. Schulman by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 2,654,590 shares of the basic materials company’s stock valued at $83,487,000 after acquiring an additional 156,877 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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Several research firms recently commented on SHLM. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.00.

A. Schulman, Inc. (NASDAQ:SHLM) opened at 36.00 on Friday. The stock’s 50 day moving average price is $33.91 and its 200 day moving average price is $30.46. The firm’s market capitalization is $1.06 billion. A. Schulman, Inc. has a 12 month low of $25.00 and a 12 month high of $39.85.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, October 23rd. A. Schulman’s payout ratio is currently -6.56%.

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.

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

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