Public Employees Retirement System of Ohio Maintains Position in A. Schulman, Inc. (SHLM)
Public Employees Retirement System of Ohio maintained its stake in shares of A. Schulman, Inc. (NASDAQ:SHLM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,575 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in A. Schulman were worth $144,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. LSV Asset Management boosted its stake in shares of A. Schulman by 22.9% in the first quarter. LSV Asset Management now owns 661,315 shares of the basic materials company’s stock worth $20,798,000 after buying an additional 123,040 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of A. Schulman by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 42,056 shares of the basic materials company’s stock worth $1,321,000 after buying an additional 2,840 shares during the period. Wells Fargo & Company MN boosted its stake in shares of A. Schulman by 15.9% in the first quarter. Wells Fargo & Company MN now owns 617,894 shares of the basic materials company’s stock worth $19,433,000 after buying an additional 84,541 shares during the period. Strs Ohio boosted its stake in shares of A. Schulman by 4.4% in the first quarter. Strs Ohio now owns 26,200 shares of the basic materials company’s stock worth $823,000 after buying an additional 1,100 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of A. Schulman during the first quarter worth approximately $209,000. 87.38% of the stock is owned by hedge funds and other institutional investors.
A. Schulman, Inc. (SHLM) traded down 0.56% on Friday, hitting $26.85. The stock had a trading volume of 378,213 shares. The stock has a 50 day moving average price of $28.37 and a 200 day moving average price of $30.59. A. Schulman, Inc. has a 1-year low of $21.50 and a 1-year high of $37.70. The company’s market cap is $789.93 million.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data 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 business 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, equities research analysts expect that A. Schulman, Inc. will post $1.65 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.82 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, July 12th. A. Schulman’s payout ratio is -6.56%.
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A number of equities research analysts have commented on the company. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. A. Schulman presently has a consensus rating of “Hold” and an average target price of $33.00.
A. Schulman Company 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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